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Recently, he expressed his frustration about his teacher and classmates labeling bitcoin as a ponzi scheme or a scam each time he talks about it. I'm seeking a variety of advice that I can offer to my nephew in this situation. Although his father suggested that he should stop discussing bitcoin, I don't feel comfortable with that approach. What are your thoughts on this matter?
I find it both funny and ironic that some people claim cryptocurrencies or BTC as a ponzi scheme, but they are the ones who are not knowledgeable about the given topic. I am very sure that they get their information on false media platforms, like TikTok, Facebook, or any other medium which spread false information about it.
I am also appalled that the teacher mentioned and agreed that BTC is considered as a ponzi scheme. As a teacher, he/she has the responsibility of informing his/her students through verified information, not by some rumors or any kind of false information.
I do recommend to ask your nephew and question on how his teacher came up with the conclusion on why he considered it as such. If the teacher cannot give any verified information and/or source on why he claimed it as such, then better to ignore him and his classmates.