Bitcoin is a Ponzi Scheme, Says Former Israel Prime Minister Ehud Barak

Updated: 01 August 2021

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Former Israeli Prime Minister Ehud Barak praised blockchain as an important technology but thinks bitcoin is a Ponzi scheme that should be avoided. Barak — who was prime minister from 1999 to 2001 — made the remarks at the Globes Most Promising Startups event in Tel Aviv, Israel. Barak recently invested in, and became chairman of, the medical cannabis

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Samantha Chang

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Bitcoin is a Ponzi Scheme, Says Former Israel Prime Minister Ehud Barak

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