"I Have Never, and Would Never, Invest One Cent in Bitcoin": Ryanair CEO
Michael O'Leary, the CEO of European low-cost airline giant Ryanair, recently told The Sunday Times that he would never invest “one cent” in Bitcoin, comparing it to a Ponzi scheme:
“I have never, and would never, invest one cent in bitcoin, which I believe is equivalent to a Ponzi scheme.”
The Irish billionaire also recommended avoiding the world’s largest cryptocurrency “like a plague”:
“I would strongly advise everyone with any shred of common sense to ignore this false story and avoid bitcoin like a plague.”
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Bitcoin fraudsters are exploiting O'Leary’s name
O'Leary delivered this scathing critique of Bitcoin after he got inadvertently involved in promoting a cryptocurrency scam called Bitcoin Lifestyle, expanding the list of fake celebrity endorsements.
A fake interview with “The Late Late Show” presenter Ryan Tubridy where O'Leary encourages viewers to put their money in the sham is being promoted on numerous high-traffic websites to lure potential investors:
“The Late Late Show host Ryan Tubridy was left in disbelief as Michael pulled out his phone and showed viewers how much money he’s making through this new money-making programme that has everybody in Ireland whispering.”
They use the name of a non-existent Irish bank that was allegedly terrified by O'Leary’s investment that brings him “a windfall of cash” on a daily basis.
As reported by U.Today, a plethora of other prominent personalities — from “Top Gear” host Jeremy Clarkson to British actor Daniel Craig — had their famous names exploited by scammers on social media.
Alex DovbnyaHydra-headed Bitcoin scams
While fake celebrity-endorsed cryptocurrency ads remain a major problem, comparing Bitcoin to a plague seems like a bit of a stretch.
After all, Bitcoin Lifestyle has nothing to do with the legitimate cryptocurrency that has a market cap of $244 bln as of today, and O'Leary appears to be struggling to tell the difference between the two.
It’s a hydra-headed scam in the likes of Bitcoin Profit and Bitcoin Evolution that offers miraculous software with fake demos and promises guaranteed multi-million returns.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
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