Ryanair CEO Advises People To Avoid Bitcoin As The Plague


After having his title concerned in a Bitcoin impersonation rip-off, Ryanair CEO Michael O’Leary stated that he by no means has and by no means will spend money on the cryptocurrency. He went even additional by referring to BTC as a Ponzi scheme, which he avoids like “the plague.”

Ryanair CEO Concerned In BTC Rip-off

The CEO of the low-budget European airline is the most recent common particular person to have his title exploited in a Bitcoin impersonating rip-off after the likes of Tesla CEO Elon Musk, the Duke and Duchess of Sussex Harry and Meghan, and motoring broadcaster Jeremy Clarkson.

In O’Leary’s case, the perpetrators ran a fraudulent commercial linking to a pretend interview between himself and Ryan Tubridy relating to Bitcoin. He reportedly claimed within the pretend advert that “I’m glad I attempted (Bitcoin) as a result of it was among the greatest and best cash I’ve ever made. I’m speaking tens of hundreds of euro a day on autopilot.”

Additional, the business refers individuals to an auto-trading platform referred to as ‘Bitcoin Life-style.’ Apparently, the perpetrators claimed that the Nationwide Eire Financial institution tried however did not cease O’Leary from spreading this “once-in-a-lifetime” secret funding alternative.

There’re two major points with that advert – firstly, O’Leary had nothing to do with such a platform and secondly, and even perhaps extra clearly – there isn’t any such financial institution.

Michael O'Leary: Source: EconomicTimes
Michael O’Leary: Supply: EconomicTimes

Avoid Bitcoin Like The Plague: Suggests O’Leary

Within the current interview with The Occasions, O’Leary lashed out towards the rising menace of comparable obvious scams. He famous that the perpetrators must be held accountable for his or her actions, not just for utilizing and probably harming the names of well-known people but in addition for deceiving unsuspecting victims into investing and shedding their cash.

Outdoors of his involvement within the BTC rip-off, nonetheless, O’Leary appeared detrimental relating to the first cryptocurrency as nicely:

“I’ve by no means ever invested a cent in Bitcoin, which I imagine is equal to a pyramid scheme.” – he asserted.

Though naming BTC as a Ponzi scheme is unhealthy sufficient by itself, O’Leary additional suggested: “anybody with frequent sense to disregard this false story and keep away from Bitcoin just like the plague.”

Featured picture courtesy of EuropeanCEO

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