Martin Lewis: Bitcoin Investor Or Not?

Financial journalist and Money Saving Expert founder Martin Lewis has been the unwitting face of several Bitcoin scams. Lewis has never endorsed Bitcoin or any other cryptocurrency and has frequently called on the government to take action against scams that use his image to lure victims in. In a blog post on MoneySavingExpert.com, Lewis details how he personally gambled on Bitcoin, investing £250 in December and seeing his investment rise to £450 before dropping to around £200. He says that if you can't afford to lose the money, you shouldn't invest in Bitcoin.

Martin Lewis has warned people about scammers using his image to promote Bitcoin investment schemes

Martin Lewis warns people about scammers using his image to promote Bitcoin investment schemes

Martin Lewis, the founder of MoneySavingExpert.com, has been warning people about scammers using his image to promote Bitcoin investment schemes. Lewis has stated that he has never and will never endorse or promote any investments, and that any adverts or articles suggesting otherwise are fraudulent scams.

In a statement on the Money Saving Expert (MSE) website, the team stresses that Lewis "never" endorses products. The statement reads: "Martin Lewis's face has been plastered over the internet for many years now by unscrupulous fraudsters looking to scam people out of money. These ads – be they for cryptocurrency, investments, banks – are scams and not genuine. They're dangerous and you should be on your guard."

Despite these warnings, scammers continue to use Lewis' image and reputation to lure victims into investing in fraudulent schemes. In one case, a woman from Somerset lost £40,000 to a cryptocurrency scam that she wrongly believed was endorsed by Lewis. The scammers used his image and reputation to promote their fraudulent ad, tricking the victim into a false sense of security.

Lewis has expressed his frustration with the lack of progress from the government and regulators in tackling scam ads. He has repeatedly called for stronger action to be taken against these scams, as they cause financial ruin for their victims.

To protect yourself from these scams, it is important to remember that Lewis does not endorse or promote any investments. If you see any adverts or articles suggesting otherwise, they are likely scams and should be reported to the appropriate platform or authority.

Lewis has never endorsed Bitcoin investment schemes

Martin Lewis has never endorsed Bitcoin investment schemes. In fact, he has frequently called for the government to take action against scams that use his image to lure victims in. He has also taken to social media to warn his followers about such scams.

Lewis has stated that he never endorses products and that anything suggesting otherwise is "fraudulent and a scam". He has specifically warned people about fake adverts for Bitcoin investment schemes that use his image, calling them "vicious scams" that people should avoid.

Despite this, Lewis has offered his views on investing in Bitcoin. He has said that it is a gamble and that people should only invest if they are prepared to lose the money they put in. He has also advised people to be careful and to only use legitimate sources if they want to invest in Bitcoin.

Lewis has also invested a small amount of money in Bitcoin himself. He has described this as a gamble rather than an investment and has said that he knows very little about cryptocurrencies.

Lewis has called for the government to take action against scams that use his image

Martin Lewis, the founder of MoneySavingExpert.com, has been calling for the government to take action against scams that use his image to lure victims. Lewis has been vocal about his frustration with the lack of progress from the government and regulators in tackling scam ads. He has warned his followers about scam ads featuring his image, emphasizing that he has never and will never endorse any products or promote investments.

Lewis has been falsely linked to several Bitcoin trading software and robots by blogs and news outlets. These sites use clickbait headlines and fake endorsements to generate traffic. The financial journalist has repeatedly stated that he does not endorse or invest in any Bitcoin trading platforms and that any ads or articles suggesting otherwise are scams.

The scams that use Lewis' image have caused significant financial losses and distress to their victims. In one case, a woman lost £40,000 in an online scam that was designed to look like it was promoted by Lewis. The victim, using the fake name Lisa to protect her identity, initially invested £200 in Bitcoin but was groomed by the scammers who stole her identity to take out 11 loans. She believed the investment was safe due to Lewis' supposed involvement, but in reality, he had nothing to do with the scheme.

Lewis has taken to social media to warn his followers about these scams and has reached out to social media platforms to address the issue. He has also stressed that he will be taking breaks from social media to recharge, during which scammers tend to ramp up their fraudulent activities.

To protect yourself from such scams, it is important to remember that Lewis does not endorse any products or investments. If you see any ads or articles suggesting otherwise, they are scams and should be reported to the platform.

Lewis has said that if you can't afford to lose money, you shouldn't invest in cryptocurrency

Money-saving expert Martin Lewis has been vocal about his stance on investing in cryptocurrency. While he has never invested in Bitcoin, he has offered his views on whether people should put their money into it.

Lewis has warned people about the risks of investing in Bitcoin, saying that if you can't afford to lose money, you shouldn't invest in it. He compares investing in Bitcoin to gambling, where people may make a fortune or lose a fortune. He also highlights the volatile nature of Bitcoin, where its value can fluctuate significantly.

Lewis has emphasised that he never endorses products and that any adverts with his face on them are scams. He has expressed frustration at the lack of progress from the government and regulators in tackling these scam ads. He has also advised people to be cautious when investing in cryptocurrency and to only use legitimate sources if they choose to do so.

Despite Lewis's warnings, some people have fallen victim to scams where con artists have used his image to lure victims into investing in Bitcoin. In one case, a woman lost £40,000 after investing in what she believed was a scheme promoted by Lewis. The scammers used his image to create a false sense of security, tricking the woman into investing.

Lewis's advice on investing in cryptocurrency is clear: if you can't afford to lose money, don't invest. It's a risky venture that may result in significant losses.

Lewis has described investing in Bitcoin as a gamble

Martin Lewis, the founder of MoneySavingExpert.com, has described investing in Bitcoin as a gamble. In a blog post on the MoneySavingExpert.com team blog, Lewis emphasised that he had gambled rather than invested when he bought £250 worth of cryptocurrency, including Bitcoin, in December. He acknowledged that he knew nothing about cryptocurrencies and that his decision to buy was based solely on the rising price, hoping to make a quick profit.

Lewis likened investing in Bitcoin to spread betting on sporting events, acknowledging that even traditional investing could be considered a form of gambling. He emphasised that people who know nothing about Bitcoin or other cryptocurrencies should view it as a gamble. He advised that individuals should only invest what they can afford to lose, as there is a risk of losing it all.

Lewis also warned about the volatile nature of cryptocurrency values, noting the wild swings in Bitcoin's price over the past year. He highlighted the risks of investing in cryptocurrencies, including the possibility of losing money and being targeted by scammers. He cautioned against dodgy Facebook adverts featuring his face that promote Bitcoin Code and Bitcoin Trader, stating that these are scams.

While Lewis has expressed his views on investing in Bitcoin, it is important to note that he has not personally invested in Bitcoin. He has stated that he has no intention of using cryptocurrencies and only gambled a small amount out of curiosity during the cryptocurrency boom.

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