Bill Gates, co-founder of Microsoft He continues his anti-Bitcoin and anti-crypto statements and does not look like he will be investing in crypto anytime soon.
Recently popular social media platform Reddit’s “Ask Me Anything” Bill Gates speaking at the event Bitcoin (BTC) and cryptocurrencies expressed his thoughts about it.
Gates, who is the fourth richest person in the world with a net worth of $125 billion, said that he believes investment in cryptocurrencies does not contribute to society like other investments.
“I have not invested in bitcoin or any other cryptocurrency. Because I like to invest in assets that have a valuable function.
The value of companies depends on how they produce great products. But the value of the Crypto depends only on how much someone else will pay for that crypto.
So investing in cryptocurrencies does not contribute to society like other valuable investments.”
The famous billionaire expressed some doubts about Bitcoin and cryptocurrencies in an interview with Bloomberg in February.
ordinary people bitcoin Expressing that he was worried that he would fall into his madness, Gates said:
“I don’t have bitcoin. Bitcoin can rise or fall just because of madness or whatever.
I don’t know of any way to predict how it will progress. If you have less money than Tesla CEO Elon Musk, you have to be careful.”