Irish airline Ryanair owner billionaire Michael O’Leary bashed bitcoin, calling it a “Ponzi,” nothing new, and advised people to stay away from it. O’Leary, in an interview with The Sunday Times said,
“I have never, and would never, invest one cent in bitcoin, which I believe is equivalent to a Ponzi scheme, I would strongly advise everyone with any shred of common sense to ignore this false story and avoid bitcoin like a plague.”
While O’Leary is calling people to avoid the most significant digital asset, which has been slowly making its way into the company’s balance sheet as a reserve asset replacing cash, analyst Mati Greenspan said, “Avoid Ryanair like the plague.”
O’Leary recently was the latest celebrity who was targeted to promote the crypto-related scams. According to the reports, an online scam has been doing the rounds where O’Leary has been allegedly talking about making “tens of thousands of euros a day on autopilot” in Bitcoin Lifestyle and claiming that National Ireland Bank stopped him from revealing it.
UK victims have reportedly lost £200,000 ($261,643) in such scams that have been doing the rounds for about three years.