One Year Old Warning From Bill Gates About Bitcoin Has Resurfaced By DailyCoin
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One Year Old Warning From Bill Gates About Bitcoin Has Resurfaced Crypto-focused social media accounts are re-sharing a video from last year, where Bill Gates shared his opinion about and Elon Musk.
During the interview with Bloomberg Technology in February 2021, Gates said he doesn’t believe in Bitcoin and cautioned people to be careful when investing in crypto-assets.
“I do think people get brought into these manias who may not have as much money to spare, so I’m not bullish on Bitcoin,”
Gates assured.
“And if you have less money than Elon, you should probably watch out.”
Gates doesn’t like the idea that Bitcoin uses a lot of energy and promotes anonymous, irreversible transactions. He also doubts the intrinsic value of cryptocurrencies.
The billionaire entrepreneur said the Gates Foundation “does a lot in terms of digital currency” while allowing to see “who is making the transaction.” He added that digital money is a very positive thing, as it helps to fund poor countries, and their citizens can receive money more efficiently.
In April last year, when cryptocurrency went down by 15% in a few days, Gates was betting on “the total collapse of Bitcoin.”
On the Flipside
- Gates is fond of the metaverse and believes that in the future, virtual meetings will move to the virtual world space. Microsoft (NASDAQ:) acquired Activision Blizzard (NASDAQ:) for $68.7 billion for building the metaverse.
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One Year Old Warning From Bill Gates About Bitcoin Has Resurfaced Crypto-focused social media accounts are re-sharing a video from last year, where Bill Gates shared his opinion about and Elon Musk.
During the interview with Bloomberg Technology in February 2021, Gates said he doesn’t believe in Bitcoin and cautioned people to be careful when investing in crypto-assets.
“I do think people get brought into these manias who may not have as much money to spare, so I’m not bullish on Bitcoin,”
Gates assured.
“And if you have less money than Elon, you should probably watch out.”
Gates doesn’t like the idea that Bitcoin uses a lot of energy and promotes anonymous, irreversible transactions. He also doubts the intrinsic value of cryptocurrencies.
The billionaire entrepreneur said the Gates Foundation “does a lot in terms of digital currency” while allowing to see “who is making the transaction.” He added that digital money is a very positive thing, as it helps to fund poor countries, and their citizens can receive money more efficiently.
In April last year, when cryptocurrency went down by 15% in a few days, Gates was betting on “the total collapse of Bitcoin.”
On the Flipside
- Gates is fond of the metaverse and believes that in the future, virtual meetings will move to the virtual world space. Microsoft (NASDAQ:) acquired Activision Blizzard (NASDAQ:) for $68.7 billion for building the metaverse.
EMAIL NEWSLETTER
Join to get the flipside of crypto
Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.
[contact-form-7]
You can always unsubscribe with just 1 click.
Continue reading on DailyCoin
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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