Ponzi scam have been a major challenge to the growth and reputation of bitcoin because most of the ponzi scheme have drive the mean of using bitcoin in other to evade being trace and that have made people to view bitcoin it self as a scam, this happening have contributed to the fall in price of bitcoin became many potential investors are chest away due to fear of losing they money in bitcoin.
Exactly, every bad news was taken a toll on the market specially if media are going to sensationalised it. Mostly, investors tend to shy away and government are highlighting it to make a case against crypto because its being abused and used to victimised a lot of innocent people.