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I would never invest one cent in Bitcoin, says Ryanair CEO

I would never invest one cent in Bitcoin, says Ryanair CEO

Micheal O’Leary — the CEO of main finances airline Ryanair — has come out very bearish on Bitcoin (BTC).

Lately talking to The Occasions, O’Leary likened Bitcoin to a Ponzi scheme and suggested buyers to keep away from it:

“I’ve by no means, and would by no means, make investments one cent in Bitcoin, which I imagine is equal to a Ponzi scheme. […] I might strongly advise everybody with any shred of widespread sense to disregard this false story and keep away from Bitcoin like a plague.”

O’Leary was referring to an obvious crypto rip-off “Bitcoin Way of life,” which claimed to have his approval in a promotional marketing campaign. 

A bogus information article on a pretend information outlet claimed that, in an interview on the Late Late Present, O’Leary shocked audiences and the host Ryan Tubridy by exhibiting how a lot cash he was making with the Bitcoin scheme — which advertises itself as an automatic buying and selling system.

Per the rip-off’s marketing campaign, it was sufficient to drive Nationwide Eire Financial institution to cellphone the present, and try to cease the bit from being aired.

One downside is that the Nationwide Eire Financial institution doesn’t exist.

Utilizing the picture of rich and well-known folks to advertise cryptocurrency scams is a quite common tactic to realize credibility amongst potential “buyers.” In early April, a Bitcoin buying and selling rip-off claimed the involvement of the Duke and Duchess of Sussex Prince Harry Charles Albert David and Meghan Markle.

In March, Janet Jackson’s billionaire ex-husband, Wissam Al Mana, demanded Fb to disclose who paid for advertisements that featured his picture whereas selling a crypto fraud.

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