Ryanair CEO Michael O’Leary says you should avoid Bitcoin (BTC) “like a plague”. Michael O’Leary, CEO of European low-cost airline giant Ryanair, recently told The Sunday Times he would never invest “a cent” in Bitcoin, and compared this to a Ponzi plan:
“I have never ever invested a cent in Bitcoin, which I believe is equivalent to a pyramid scheme.”
Avoid Like the Plague
The Irish billionaire also recommended avoiding the world’s largest cryptocurrency “like the plague”:
“I strongly advise anyone with common sense to ignore this false story and avoid Bitcoin like a plague.”
O’Leary continued to convey his harsh criticism of Bitcoin after he was accidentally involved in the promotion of a cryptocurrency scam called Bitcoin Lifestyle. A fake interview with “The Late Late Show” host Ryan Tubridy in which O’Leary encourages viewers to invest their money in fake projects is featured on numerous high-traffic websites to lure potential investors.
As previously reported, many well-known personalities from “Top Gear” host Jeremy Clarkson to British actor Daniel Craig have been abused by social media scammers.
While cryptocurrency ads approved by fake celebrities remain a huge problem, comparing Bitcoin to the plague seems a bit difficult.
After all, Bitcoin Lifestyle has nothing to do with the legal cryptocurrency with a market capitalization of $ 244 billion as of today, and O’Leary seems to have a hard time telling the difference between the two. This is a versatile scam like Bitcoin Profit and Bitcoin Evolution that offer miraculous software with fake demos and promise guaranteed multi-million returns.
According to an article by Kaspersky, cryptocurrencies are used for fraudulent purposes in many different ways. The most striking of these methods are as follows:
Fake websites: Fake websites are one of the most frequently used fraudulent methods. Therefore, it would be good for you to search for a security certificate in the URL bar and do research on the site before operating on a website.
Fake mobile applications: It is useful to stay away from unofficial mobile applications.
E-mails: Fraud is often made using fake e-mails.