"Bitcoin $BTC is an extremely EXTREMELY glorified pyramid scheme."

No, it isn't, and you should really learn how a pyramid works, because #bitcoin doesn't work even remotely like that.

A pyramid scheme:
- always has someone on top
- has many miserable twerps whose job it is to actively seek for others to buy into the pyramid to take back their own 'investment' and earn something
- once fools run out, the scheme dies

Bitcoin:
- has nobody on top
- anyone can buy & sell on a free market
- many choose not to sell, and keep buying more.

Why do you think it is that?

Sure, there is an element of uncertainty which someone can reasonably describe as 'gambling'.

For example, the USA, EU and China can decide tomorrow to outlaw holding #bitcoin.

Or, the validation code, mining and/or hashing mechanism which protects the immutability of the blockchain could be hacked to allow printing or burning coins.

And so on.

Every investor has a limited risk appetite. But elevated risk does not equal illegal scheme.
#BTC #bitcoin #bitcoin