European low-cost airline giant Ryanair CEO Michael O’Leary has come out very bearish on Bitcoin, adding that everyone should avoid the world’s number one cryptocurrency Bitcoin “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.”
O’Leary recently told The Sunday Times he would never invest “a cent” in Bitcoin and compared this to a Ponzi plan. He continued showing harsh criticism on Bitcoin after he was inadvertently involved in promoting a cryptocurrency scam called Bitcoin Lifestyle.
A fake interview with “The Late Late Show” host Ryan Tubridy in which O’Leary encourages the audience to invest their money in fake projects is featured on numerous high-traffic websites to draw potential investors.
Along with O’Leary, many well-known personalities Simon Cowell, Sir Philip Green, Holly Willoughby, Lord Sugar, and Jeremy Clarkson are the latest high-profile personalities to feature in a bitcoin scam, operated by fraudsters who steal celebrities’ images to lure crypto investors.
As probably the most notable recent incident, back in July, major social media giant Twitter suffered a major security breach that compromised the accounts of 130 high profile individuals including Microsoft’s Bill Gates, Tesla’s Elon Musk, and Kim Kardashian West, among others.
The underlying motive of these scams is to use these high profile individual’s public image to gain trust in the public and make them part with their funds to the benefit of the scammers. Sometimes their attempts fail, but unfortunately, often they succeed.