![bitcoin-2022-miami-mike-novogratz-likens-btc-holdings-to-pyramid-scheme Bitcoin standing on top of a pyramid of wooden cubes.](https://coingeek.com/wp-content/uploads/2022/04/bitcoin-2022-miami-mike-novogratz-likens-btc-holdings-to-pyramid-scheme-380x188.jpg)
Bitcoin 2022 Miami: Mike Novogratz likens BTC holdings to pyramid scheme
What Mike Novogratz said on stage at the BTC 2022 Miami event was a representation of how a pyramid scheme works—telling the audience that BTC was a tent, and they have a job to get as many people in so it could grow.