Is‌ ‌it‌ ‌true‌ ‌that‌ ‌Shark‌ ‌Tank‌ ‌endorsed‌ ‌Bitcoin‌ ‌Trader?‌

Bitcoin scams have become a common occurrence over the last couple of years, with bitcoin auto trading tools being the latest craze. But of late, the con games seem to have gone to a whole new level, with various TV shows and celebrities being dragged into the scams that ended in massive losses by unsuspecting individuals.

In this read, we unfold yet another Bitcoin scandal involving American TV show, Shark Tank and Bitcoin Trader. A few weeks ago, rumours in form of internet ads went round claiming the crypto trading platform had appeared on Shark Tank and was endorsed by the reality show’s investors.

But Shark Tank has refuted the claims, further cautioning the public against falling for such con schemes. At Invezz, we pride ourselves in publishing factual information. So we went looking for the truth, here are our findings.

What is Shark Tank?

Shark Tank is not new to our screens. The US reality TV show was first aired more than a decade ago and was primarily inspired by Britain’s Dragon’s Den show. The program offers budding entrepreneurs and innovators a platform for pitching for potential investors, otherwise referred to as “sharks”. 

The investors individually evaluated the presented ideas and decide whether or not to invest. As you would imagine, millions of investees would die for a shot at facing the sharks, making it a potential target for scammers.

But could the endorsement claims be true? Let’s get the other side of the story before answering that question.

Bitcoin Trader

Established in 2017 by Gary Roberts, Bitcoin Trader brands itself as a tool that enables traders to buy and sell Bitcoin with a lot of ease, while promising decent returns on investment. Being automated, Bitcoin Trader has been used by many traders to grow their passive income.

To get started, investors are required to place a minimum deposit of about £200 (approximately $250).

Users of the tool benefit from the bot’s ability to execute automatic buys and sells using users’ account balances.

Once profitable transactions are registered, the bot deposits funds into investor accounts.

Did Shark Tank embrace Bitcoin Trader?

For years now, Shark Tank has played host to hundreds of brilliant business ideas but at no given time has the show endorse any of them. While the sharks invest in some of the pitched businesses, the show only plays host to the whole undertaking.

Besides, we established that Bitcoin Trader never appeared on Shark Tank and as such, none of the sharks could have endorsed the tool.

Why the rumour has attracted so much media attention

There have been a lot of insane rumours about how Shark Tank embraced this or that auto-trading Bitcoin site. While the TV show has on several occasions disassociated itself with the said rumours, various media platforms have been peddling the same narratives for months now.

We especially couldn’t help but notice the role played by third-party marketers keen on obtaining sign up and click-through commissions from the story, with little to no emphasis on the authenticity of their reporting. Notably, none of the advertisements seem to come from Bitcoin Trader themselves, in fact they tried to distance themselves and ban marketers who supported the claim.

Our investigation unfolded a thick plot by individuals who peddle the endorsement allegations through ads on Facebook, YouTube, and blogs; as earlier stated, we were meant to understand that Shark Tank never posted any of the endorsement rumours as alleged by some con-artists.

How legitimate is Bitcoin Trader?

We only unfold the truths by bringing the pieces together to enable you to make sound investment decisions. On Bitcoin Trader’s legitimacy, we’ve compiled a water-tight review about Bitcoin Trader, we welcome you to check it out before investing on the platform.