Major Policymakers compare Crypto’s to Ponzi Schemes – BerTTon

World Bank Group

Jim Yong Kim is the president of World Bank Group. He is also the top European Central Bank policymaker. It is safe to say that his comments will carry weight. 

During an event in Washington, World Bank Group President Jim Yong Kim predicted a strong relevance between cryptocurrencies and Ponzi schemes; He said: “In terms of using Bitcoin or some of the cryptocurrencies, we are also looking at it, but I’m told the vast majority of cryptocurrencies are basically Ponzi schemes.”  Despite his bearish calls, investors seem to still be cheering the lenient stance from U.S. …

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