The biggest part is plain and simple speculation. Betting on bitcoin and other crypto is like betting on human greed. Bitcoin could possibly be worth 1 million dollar, that is the main attractor. It is gambling, but in a fairly transparent and decentralized manner. I don't think it is fair to call it a ponzi (which it is not by definition because of the lack of a central actor) and also not a pyramid scheme (because it has genuine valid use cases).It is just a market of buyers and sellers, extremely volatile and in a very immature and experimental state.
No comments yet.