Is Bitcoin a scam?

Many people ask the question, So is Bitcoin a scam? I’ve been a crypto believer for a while now. I bought into Dogecoin when it was just $0.06, and despite the ups and downs, I’m still holding. That includes holding onto my Bitcoin too. I have some Cardano, Etherium, and some XRP that I am holding.

My Take as a Bitcoin Believer

Yes, the crypto market is very volatile. It can be a wild ride, and it takes guts to hold when things drop. But what about the people who call it a Ponzi scheme? Could they be right?

I get it—there’s a lot of skepticism out there. The lack of regulation makes some people nervous. Some say it’s not real money. Others point to scammy meme coins that disappear overnight.

But here’s my stance on Bitcoin: I’m all in. I think, at least for me, Bitcoin is a long-term investment. Obviously, it should be a small part of a bigger investment plan, but I feel that it is a valid option too.

So again, Is Bitcoin a scam?

Do I believe some coins are shady? Absolutely. Many meme coins have an unlimited supply, with more and more are mined everyday, forever. But Bitcoin is different. It’s decentralized. It’s limited. There will only ever be 21 million Bitcoins. Once it’s all mined, that’s it. So while some may say that meme coins are a scam, I find no evidence that Bitcoin could be a scam. And I think it will be a valid form of payment in the future.

So no, I don’t think you can say that Bitcoin is a scam. And that’s why I think it’s only a matter of time before the price spikes again. At least, that’s my hope—and my strategy

What’s Your Take?

What do you think? Are you holding Bitcoin? Still on the fence? Do you hold any other crypto? Let’s talk in the comments.