Economist: Ponzi scheme is the latest form of Bitcoin scam

Source: Sina Finance

According to foreign media reports, according to data provided by crypto data analysis company Chainalysis, the Ponzi scheme and other cryptocurrency scams involving bitcoin and other cryptocurrencies received at least $ 4.3 billion from investors in 2019. This is more than the sum of 2017 and 2018 ($ 3 billion).

In response, Keynesian economist, New York University professor and "Doctor Doom" Nouriel Roubini commented on Twitter:


Only $ 4 billion? It feels like it should be $ 40 billion, because the entire junk coin market is a scam. In 2019, cryptocurrency scams involved more than $ 4 billion. The Ponzi scheme is the latest form of Bitcoin scams, and large platforms like PlusToken have attracted most of the funds.

Chen Sijin, author of Weird Wall Street and Weibo V, said that he highly agreed with Nouriel Roubini's views.