Bitcoin Gets Trashed Yet Again; Diane Abbott Calls It "Ponzi"

Diane Abbott, Shadow Home Secretary, qualified bitcoin as a Ponzi and a terrorist funding operation, yesterday in an interview with The House Magazine, according to The Express.
The British Laborist was very clear on her position on bitcoin and cryptos in general. She declared:“We are worried about the extent to which bitcoin is a Ponzi scheme but we are certainly worried about how in the here and now it is being used to fund terrorist activity and that is something we are looking at.”
She also stated that bitcoin should be regulated properly and criticised the cryptocurrency market volatility and stability. “If everyone took their bitcoin money and tried to buy a new car all at once the whole thing would collapse”.
These last days bitcoin has been subjected to a lot of trashing by public figures. Mark Carney, governor of the Bank of England, stated that bitcoin and all cryptocurrencies are failing. And now Diane Abbott joins the group. Bitcoin passed $11,000 mark today, with a volume of $6,244,640,000.

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