O'Malley Warns Bitcoin Might Be a Ponzi Scheme, Not Trusted Social Security Program.

At a recent event by Social Security Works, former Maryland Governor Martin O’Malley took aim at Bitcoin, suggesting it might be a Ponzi scheme, while fiercely defending Social Security as one of America’s strongest programs.

While discussing the integration of immigrants and the U.S. safety net, O’Malley touched upon a concerning trend: attempts to damage trust in Social Security by high-profile figures like Elon Musk and Donald Trump.

According to O’Malley, Social Security has been under quiet attack, not by changing the laws, but by slowly weakening it from the inside. 7,000 employees have already left the workforce, and nearly 10,000 more could soon follow.

These workers aren’t just employees; they’re the ones who help millions of Americans access their retirement and disability benefits.

“Social Security is not a Ponzi scheme. Bitcoin might be, but not Social Security,” O’Malley stated, adding that Social Security has never missed a payment in 90 years.

O’Malley listed several common myths about Social Security, such as undocumented immigrants receiving benefits they aren’t entitled to, dead people getting paid, and the biggest lie of all: that Social Security is a Ponzi scheme.

“That’s nonsense. If anything, Bitcoin might be a Ponzi scheme, but not Social Security.”

The $2.6 Trillion Temptation

The former governor went on to explain how powerful people like Elon Musk and Donald Trump lie to weaken people’s trust in Social Security as part of a larger plan.

O’Malley claimed that these figures are aware they can’t siphon off Social Security's $2.6 trillion surplus without a huge fight in Congress, so they’re using a different tactic. They know they can’t touch the money. But they want to take over programs like Social Security and Medicare.

According to O’Malley, they’re spreading lies to turn the public against Social Security. For instance, Musk has repeatedly made false claims about Social Security running out of funds.

In March, Trump also joined in, asserting that the program will collapse within five years. Both assertions are baseless, and they're part of a broader effort to dismantle the social safety net.

Bitcoin as digital gold

Bitcoin is often seen as a volatile cryptocurrency, but it’s also called "digital gold" because some believe it can be a hedge against inflation. Supporters highlight Bitcoin’s fixed supply and decentralized nature.

Even one of the famous economists and the Rich Dad Poor Dad author, Robert Kiyosaki, warns that the economy is weakening fast.

According to Kiyosaki, the economy is going down fast as unemployment is rising and the government is printing more money, which will devalue the U.S. dollar.

“Unpaid taxes fund the programs that siphon money from the poor and middle class to the rich and political class,” Kiyosaki wrote in a recent post.

According to the author, the government is a "leech" that takes money from taxpayers to fund programs for the rich and powerful.

“The good news is that you can protect your wealth,” Kiyosaki added. “Invest in Bitcoin, gold, and silver.”