why I call it a ponzi because late comers pay for the early adapters with their cost of bitcoin is almost nothing
in early days of bitcoin people just mine it for fun........
why I call it a bubble have you ever seen any investment can start with almost nothing and went up all the way to over 60,000 dollar per coin in a decade time?
even if you count it from $1 per coin to over $60,000 that is over 6,000,000% return in investment
Well, the price might be over $60,000 now, but do you know why Bitcoin was developed? Bitcoin was developed to be a payment method, though it turned out that it is very volatile and people are now seeing it as an opportunity to get rich, but that wasn’t the purpose why it was made.
So, even if it should reach $100,000 and drop to $1 today, that’s not going to stop it from being used as a payment method, of course investors might get scared and run away from the market, but those who just wants to be making use of it for payment will always continue. And bitcoin is not a Ponzi as you have said, it is not, there is a clear difference between it and a Ponzi scheme which I believe the comments here have cleared you on that.