The well-known Spanish billionaire has been linked to the latest Bitcoin price spike through rumors. According to the rumors, Amancio Ortega invested a large part of his money in Bitcoin because of concerns about profitability in local markets.
There has been a lot of fake news and we are trying to investigate all of them to find out what is true and what is not. Let’s examine these claims.
Who is Amancio Ortega?
Amancio Ortega is the sixth richest person in the world with a net worth of $ 68.3 billion in December 2019. Spanish business people are also the second richest person in Europe after Bernard Arnault. He is an outstanding figure in Europe.
The businessman is best known for the Inditex Fashion Group. He is the founder and former chairman of the group known for its chain of Zara clothing and accessories stores. This worldwide chain is known for its high quality and original fashion.
He grew up in Leon, Spain, where he spent most of his childhood. He left school at the age of 14 and moved to A Coruna because of his father’s job on the railroad. Shortly after moving, he found a job as a shirt maker and learned to make clothes by hand.
He founded Confecciones Goa in 1972 to sell quilted bathrobes. In 1975 he opened his first Zara store. And since then he’s gotten stronger and stronger. Its main company, Inditex, currently has over 162,000 employees and more than 7,000 stores of its various brands and stores around the world.
What is bitcoin
Bitcoin is one of the most famous cryptocurrencies in the world. This digital currency has steadily increased in price since its inception many years ago. Many celebrities like Elon Musk have invested in Bitcoin.
Many investors invest in the currency for its growth, profitability, and liquidity.
The verdict – did Amancio Ortega invest in Bitcoin?
We’ve searched the news and the internet hard to find evidence of these rumors. And since Mr. Ortega was a very private and inconspicuous man, it was hard to find. But we managed to find an answer.
We found overwhelming evidence and reports disproving the theories. According to some articles, these rumors were made up by scammers hoping to exploit its reputation. This rumor is bogus and you should be wary of a website that tells you otherwise.
We also recommend doing your own research before investing to make sure the rumors you hear and the information you post are true.
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Amancio Ortega is a well-known billionaire and the sixth richest person in the world. He is known for his fashion brands like Zara, which he founded.
The billionaire recently fell victim to false claims that he invested in Bitcoin. These rumors are false and untrue as we found in our research.
It is important for investors to check rumors and information before investing in Bitcoin or any other currency.