O’Malley Calls Bitcoin a Ponzi Scheme as BTC Tests $94K

O’Malley Calls Bitcoin a Ponzi Scheme as BTC Tests $94K
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Former Maryland Governor Martin O’Malley stirred controversy by comparing Bitcoin to a Ponzi scheme while defending Social Security. Meanwhile, Bitcoin hovers near $94K as analysts debate a potential breakout amid mixed technical signals.

  • Martin O’Malley likened Bitcoin to a Ponzi scheme, contrasting it with Social Security’s reliability.
  • Florida’s attempt to allocate state reserves to Bitcoin failed as legislative bills were withdrawn.
  • Bitcoin’s price action near $94K shows mixed signals, with analysts split on a potential breakout or correction.
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