Brazil’s Central Bank President Calls Bitcoin a Pyramid Scheme


TheMerkle Brazil Central bank Bitcoin Pyramid SchemeOver the past few years, we have seen many different opinions regarding Bitcoin. Some see it as the future of money, whereas others claim it is a pyramid scheme waiting to collapse. Ilan Goldfajn, the president of the Brazilian central bank, has taken a rather aggressive stance on Bitcoin. He recently called the world’s leading cryptocurrency a pyramid scheme, which is rather disturbing. Bitcoin Isn’t a Pyramid Scheme Whatsoever It is always funny to see how central bankers struggle with the concept of Bitcoin and other cryptocurrencies. In their opinion, anything that isn’t money issued by a central bank is


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