“I know exactly what’s there, it’s a ‘Pyramid’ scheme. You only make money based on people who enter after you… It has no real utility in the world. They’ve been trying to create a utility for it for 10 years now, so it’s a solution in search of a problem and it still hasn’t found a problem to solve.”
Tendayi Kapfidze, Economist · Bitcoin since: +1,019%
As published by Yahoo Finance
A little perspective.
Bitcoin on that day$7,182December 31, 2019
$100 at that price$1,119At our latest price check
Illustrative value using a Bitcoin price of $80,335, checked Oct 29, 2026, 5:44 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “It's A Pyramid Scheme” — Tendayi Kapfidze, Yahoo Finance, December 31, 2019. Bitcoin: $7,182.4. https://bitcoindeaths.com/posts/2019-12-31-its-a-pyramid-scheme