Branson singled out one scam – Bitcoin Trader – in particular. CoinDesk visited a site advertising the scheme, which poses as a CNN Tech article, complete with the outlet’s logo and. Wei Trader Review – Richard Branson has tweeted probably a good thing, are pretending to be Celebrity Bitcoin Era such as binary trading Bitcoin trading (Image: Daily Reid and Piers Morgan Be prepared to lose legit trading platform and Britain from December 23, — It is schemes. to take to give credence to that BCH tries to — Fake. May 28, · In March, Mr Lewis warned of Facebook scam ads involving his name. He Told Good Morning Britain: “There’s another plague of Facebook ads with me in – the 'Bitcoin Code' or 'Bitcoin Trader' .
Bitcoin trader good morning britainVirgin's Richard Branson Warns on Bitcoin Scam Sites Using His Name - CoinDesk
With its popularity growing, Martin Lewis warned that you shouldn't get into it if you haven't done your research. His advice is that, while you might not need to be an expert in the technical details, you need a thorough understanding of what you're getting into. He added: "You need to understand how it works as an investment, how liquid it is ie, can you get out when you want to , the level of risk and what can drive the price up and down.
His advice is not to invest "just because a friend told you to", but to do your own research and make the decision that's right for you. We will use your email address only for sending you newsletters. Please see our Privacy Notice for details of your data protection rights. Mr Lewis continued: "To be created Bitcoins have to be mined and there are meant to be only a limited possible number to be found.
Mr Lewis instead advises that people looking to invest in cryptocurrencies need to be prepared for the risks. Although the value of Bitcoins has rocketed, particularly since the start of , he warns that "past performance is no indication of future performance". Mr Lewis added: "It may be that this speculative rise will continue.
Which means if you put your money in now you will make a fortune. Martin Lewis urges Tesco shoppers to check Clubcard vouchers. Branson is the founder of Virgin Group, whose portfolio of over companies includes the airline Virgin Atlantic. He has promoted bitcoin and blockchain technology in the past, including through an annual private island summit of industry participants.
Branson is not the only publicly recognizable figure to warn consumers about scams being perpetrated in his name. Martin Lewis, a British personal finance writer, recently sued Facebook for its failure to take down ads using his image to push scams. Adding to the growing criticism of social media companies for failing to tackle the problem, Branson wrote Thursday:. Richard Branson image via Shutterstock.