Bitcoin is back above $ 11,000 for each BTC and, above all, at a stock capitalization of over $ 200 billion.
Bitcoin a Ponzi scheme? This was stated by Alessandro Guzzini, CEO of FinLABO, a fund management company. In a contribution for Repubblica, Guzzini stated that the functioning of Bitcoin resembles a pyramid scheme rather than a currency system, unlike Libra (the Facebook cryptocurrency). As stated by Guzzini of FinLABO, as soon as the interest in Bitcoin will diminish the entire structure will collapse, since the success so far of Bitcoin has essentially rested on the presence of a certain number of buyers willing to invest in Bitcoin .
In support of his thesis, Alessandro Guzzini has clarified how 2,000 individuals own 42 percent of Bitcoin, 150 thousand the remaining 45 percent and, above all, 25 million users 13 percent. Hence the nefarious closure of Guzzini: "Like all pyramid schemes, even Bitcoin is destined to collapse". Finally adding how to stay with the match in hand will be the latest arrivals.
The latest news
Meanwhile, Bitcoin has returned to above $ 11,000 for every BTC and, above all, to a share capitalization of over $ 200 billion. Ethereum also did well, returning over $ 32 billion as a market cap and with a value for every ETH of over $ 300. Complete the Ripple podium with a value of 16 billion and an XRP at 39 cents, reflecting the effort with which Ripple chases up the rises of Ethereum. Spotlights on Tether, which reaches a new record price with 3.7 billion share capitalization, trading more than Bitcoins in the last 24 hours (19.1 billion dollars). In tenth place we find TRON, bottom end of the top 10 of Coinmarketcap with 2.3 billion dollars, in front of Cardano and Stellar respectively of 300 and 200 million dollars.
The ranking of the top 10 cryptocurrencies to date 8 July
1. Bitcoin $ 204.0 billion
2. Ethereum $ 32.5 billion
3. Ripple $ 16.7 billion
4. Litecoin $ 7.4 billion
5. Bitcoin Cash $ 7.3 billion
6. EOS $ 5.4 billion
7. Binance Coin $ 4.7 billion
8. Tether $ 3.7 billion
9. Bitcoin SV $ 3.5 billion
10. TRON $ 2.3 billion
