# Translation

Former British Prime Minister Boris Johnson has harshly criticized Bitcoin in a newspaper column, calling it a "giant Ponzi scheme." He argues that cryptocurrencies lack intrinsic value and invokes the "Greater Fool Theory" to argue against their validity, even claiming that an old-fashioned Pokémon card is safer than Bitcoin. Johnson also points out that one of cryptocurrency's core principles—decentralization—is precisely its weakness, because once value is lost, "there is no one to turn to." Notably, the government under Johnson's leadership actively promoted Britain becoming a global cryptocurrency hub under then-Chancellor of the Exchequer Rishi Sunak.