Michael O’Leary, CEO of the major low-cost airline Ryanair, Bitcoin (BTC) was very bearish.
O’Leary recently spoke to The Times and compared Bitcoin to a Ponzi scheme advised investors to avoid this::
“I never did and would never invest a dime in Bitcoin, which I think is a Ponzi scheme. […] I would strongly advise anyone with a little common sense to ignore this false story and avoid Bitcoin like the plague. “
O’Leary was referring to an apparent “Bitcoin Lifestyle” cryptocurrency scam and claimed to have his approval in an advertising campaign.
A fake news article on a disreputable news agency alleged that in an interview on the Late Late Show, O’Leary surprised the public and host Ryan Tubridy by showing how much money he made from the Bitcoin program as advertised automated trading system.
According to the scam’s campaign, getting the National Ireland Bank to call the show and prevent the clip from airing was sufficient.
One problem is that the National Bank of Ireland doesn’t exist.
Using the image of rich and famous people to promote cryptocurrency scams is a widely used tactic for gaining credibility with potential “investors”.. In early April, a Bitcoin trading scam alleged the Duke and Duchess of Sussex, Prince Harry Charles Albert David and Meghan Markle were involved.
In March, Janet Jackson’s ex-husband Wissam Al Mana demanded that Facebook disclose who had paid for ads using their image while promoting a cryptocurrency scam.