Ryanair CEO Michael O’Leary: Bitcoin is like a Ponzi scheme

25.08.2020 / Payment system news

Ryanair CEO Michael O’Leary has been critical of cryptocurrencies. So, he noted that he would never become a holder of such assets, since he is sure that they are a semblance of a Ponzi scheme.

The negative rhetoric against cryptocurrencies from Michael O’Leary intensified after the Bitcoin Lifestyle fraudulent project published his image and interview without proper approval. It was assumed that the presence of advertising from the head of Ryanair, where he actively promotes high earnings with the help of cryptocurrencies, will encourage traders to join the project.

“I have not invested a single cent in bitcoin and am not going to do so, because I consider the asset to be similar to the Ponzi scheme,” emphasized Michael O’Leary.

It should be noted that scammers often mention well-known personalities in the industry to advertise their crypto-resources. Recently, images of Elon Musk and Brad Garlinghouse were seen in such projects, whic