Scam Coin, “Bitcoin Revolution”, Uses Top British Chef, Jamie Oliver To Promote Their Cryptocurrency
The world of cryptocurrency and blockchain technology is yet facing another scam after reports of a digital currency named “Bitcoin Revolution” using British chef and restaurateur, Jamie Oliver’s name and image to promote their useless token. The rampant cases of scams and frauds in the industry is increasing as a number of high profile celebrities and tycoons images are being used including Richard Branson and Bill Gates.
Since the cryptocurrency boom at the end of 2017, a huge number of naïve investors have fallen for these kind of scams leading to fear amongst investors in adopting the technology.
This latest case of “Bitcoin Revolution” and Jamie Oliver signals a need for the networks to be regulation to prevent people from losing their investments.
Screenshot from the scam coin “Bitcoin Revolution” website
In a tweet, @DanDarkPill, a crypto enthusiast showed the scam remarks made by Bitcoin Revolution regarding Jamie Oliver’s involvement in the cryptocurrency project. He tweeted,
Scam token, Bitcoin Revolution exposed (Screenshot from Twitter)
On their website, Bitcoin Revolution claims that Richard Branson and Jamie Oliver are teaming up in a move to “change the definition of money.” In addition, the scam website claims the famous chef is planning to close down some of his most prized restaurants, Barbecoa and Fifteen Restaurant to enter into the cryptocurrency market.
In a response to the allegations, Oliver’s PR team denied the claims that he had invested in the project let alone Bitcoin itself. The Twitter PR team tweeted,
“Hey, we can ensure you there’s no truth in these posts and Jamie has not invested in Bitcoin, Dan.”
Scams in the field will not take a break soon as the unregulated nature of the field makes it easier for scammers to make such unlikely endorsements that would never be seen in a genuine investment opportunity. With the get rich quick investors always falling for such traps in a bit to gain a piece of the Bitcoin profits, they end up losing most of their investments.
In a review of the Bitcoin Revolution token, whether it is legit or a scam, Binary Scam Alerts finds key red flags on the site that discredits the token as a scam. The website id recycled and rehashed indicating the lazy nature of these scammers, the fake stories on celebrity investments, scam exclusive offers and more.
All these are indications that the Bitcoin Revolution website and app is a scam that is hell-bent on persuading their investors to part with their money.
For the new investors and even the experienced ones should consult a financial advisor in the field to avoid scams and such cases as seen with “Bitcoin Revolution”.