PONZI SCHEME?
Probably the biggest misconception about bitcoin is that it is a big Ponzi scheme.
To a certain extent, I can't blame them because altcoins and tokens have created that idea in the minds of people. A lot of these people don't understand what Bitcoin is, so when they hear anything related to bitcoin then they assume it's the same thing they've been hearing about crypto.
They see and hear stories about memecoins and how it was rugpulled and people lost money, that is the idea they have about bitcoin.
So with that idea, they concluded that bitcoin is something created by people, so the poor can contribute to it, and the rich will take all the spoils.
It's dumb when you know what bitcoin is, but seeing it from the POV of people who don't understand, I understand them to some extent.