THELOGICALINDIAN - Microsoft cofounder Bill Gates has explained why he does not own any bitcoin or added cryptocurrencies I like advance in things that accept admired achievement Gates said abacus that crypto is not abacus to association like added investments
Bill Gates on Crypto, and Why He Isn’t Investing
Microsoft co-founder Bill Gates aggregate his assessment about bitcoin and cryptocurrencies in a Reddit AMA (Ask Me Anything) affair Thursday.
One of the questions he was asked was “What do you anticipate about bitcoin and cryptocurrencies?” Gates replied:
He added: “The amount of companies is based on how they accomplish abundant products. The amount of crypto is aloof what some added being decides addition abroad will pay for it so not abacus to association like added investments.”
Gates’ attitude on cryptocurrency echoes that of Berkshire Hathaway Warren Buffett. The Oracle of Omaha explained in detail why he would not advance in bitcoin or cryptocurrency beforehand this month.
“It doesn’t aftermath anything,” Buffett described BTC, acquainted that he wouldn’t pay $25 for all of the bitcoin in the world. “What would I do with it? I’d accept to advertise it aback to you one way or another. It isn’t activity to do anything,” he opined.
The Microsoft co-founder and co-chair of the Bill and Melinda Gates Foundation has continued been a analyzer of bitcoin and cryptocurrency.
In February aftermost year, he said he didn’t own bitcoin, abacus that he has taken “a aloof view.” However, he additionally said crypto was one tech addition the apple would be bigger off without. Gates noted: “The way cryptocurrency works today allows for assertive bent activities. It’d be acceptable to get rid of that.”
Gates additionally commented on Tesla CEO Elon Musk owning bitcoin in February aftermost year. “Elon has bags of money, and he’s actual sophisticated, so I don’t anguish that his bitcoin will about go up or down,” Microsoft co-founder said. “If you accept beneath money than Elon, you should apparently watch out,” he warned.
What do you anticipate about Bill Gates’ comments about bitcoin and cryptocurrency? Let us apperceive in the comments area below.
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