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One Year Old Warning From Bill Gates About Bitcoin Has Resurfaced  -Breaking

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One Year Old Warning From Bill Gates About Bitcoin Has Resurfaced

Social media accounts that are crypto-focused are sharing a video last year from Bill Gates, in which he shared his opinions about 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 are 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. Gates also questions the inherent value of cryptocurrency.

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.”

Flipside

  • Gates It is Fondof the metaverse believes virtual meetings will shift to virtual space in the future. Microsoft (NASDAQ: AcquiredActivision Blizzard (NASDAQ): $68.7 Billion for the construction of the metaverse.

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