It is not just that. Bitcoin is counting on new money entering, just as Ponzi's do.
You mean with like pretty much all assets? So with that logic, gold is also a Ponzi scheme because it wouldn't rise in price without new money entering. Or maybe.. just maybe. It's just the law of supply and demand!?!??!11
Agreed.
What is a Ponzi scheme?
A Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new investors by promising to invest funds in opportunities claimed to generate high returns with little or no risk. In many Ponzi schemes, the fraudsters focus on attracting new money to make promised payments to earlier-stage investors to create the false appearance that investors are profiting from a legitimate business.
https://www.sec.gov/fast-answers/answersponzihtm.htmlScammers are using bitcoin and other cryptocurrencies to commit a ponzi scheme but bitcoin itself is not a ponzi scheme, satoshi never promised returns to anyone if they invested their money in bitcoin, in fact he even argued that bitcoin could be worth a lot in the future or nothing, which is true for most business and technologies anyway, if the price of bitcoin or any stock goes up it simply has to do with the law of supply and demand.
Besides blaming bitcoin for the scam is like blaming Microsoft because a bunch of scammers used their name to deceive people, the scammers are to blame not Microsoft and the same applies in the case of bitcoin.