The biggest problem facing Bitcoin's mass adoption is a lack of financial and technical education, which fuels misconceptions about BTC — including the idea that it is a scam or a Ponzi Scheme.

Critics of Bitcoin and other cryptocurrencies have warned that the assets have no intrinsic value and likened their rise to a Ponzi scheme.

China has never officially disclosed its Bitcoin holdings or any sale strategies. In 2020, Chinese authorities seized nearly 195,000 BTC from the PlusToken Ponzi scheme. A ruling from the Yancheng ...