[Former UK Prime Minister Calls Bitcoin a 'Ponzi Scheme,' Believes Its Value Relies on Market Confidence] Odaily Planet Daily News – Former UK Prime Minister Boris Johnson published an article expressing his long-standing skepticism that Bitcoin is a 'massive Ponzi scheme.' He stated that recent cases of investment losses he has heard about have further reinforced his concern that this judgment might be correct. In the article, Boris Johnson mentioned a former businessman he knows who suffered losses from investing in Bitcoin, ultimately losing approximately £20,000 and falling into financial difficulties. Using this example, he questioned Bitcoin's intrinsic value, arguing that its essence is merely a string of numbers stored in computers, lacking the value backing of assets like gold or traditional currencies. Boris Johnson also pointed out that the value of cryptocurrencies largely depends on the confidence of market participants, and once confidence weakens, their prices could plummet rapidly. He further stated that if investor confidence continues to erode in the future, the crypto industry may face even greater challenges.