Cryptocurrency As units are more widely adopted around the world and blockchain is touted as one of the most important technological achievements of the 21st century, many are debating whether Bill Gates, the co-founder of the American tech giant Microsoft, has an investment in this area.
Bill Gates Although he is one of the leading names in the technology world, he is not very optimistic about cryptocurrencies. Gates is very critical of its use due to high volatility and illegal activities.
MicrosoftThe co-founder has publicly discussed Bitcoin (BTC) and cryptocurrencies over time, but has not disclosed whether he has any investments. His investment prospects are predicted to be slim, as his comments on crypto at a TechCrunch conference in June 2022 revealed that he was still undecided.
In a previous report on CNN, Gates said cryptos and NFTs are “100% based on the theory of great stupidity,” referring to profiting from undervalued or overvalued assets as long as people are willing to bid higher, and in crypto “long or short.” He stated that there is no “period” investment. The following words of Gates had a great impact at that time.
“I am used to asset classes, like a manufacturing farm or a company that produces a product.”
In an interview with CNBC in 2021 bitcoin Explaining that he is ‘neutral’ on the issue, Gates stated that he does not own any crypto money and criticized its volatility. However, he has formally declared that crypto is “something the Gates Foundation is doing in developing countries,” acknowledging the goal of making money more digital and reducing transactions.
Notably, in October 2014, Gates praised Bitcoin as ‘better than currency’ in a BloombergTV interview he recorded at the ‘Sibos 2014’ financial services industry conference in Boston.
“Bitcoin is exciting because it shows how cheap it can be. (…) It is better than Bitcoin currency because you don’t have to be physically in the same place and of course the currency can be quite cumbersome for large transactions.”
Addressing attendees at the conference, the Microsoft co-founder reiterated his view on crypto, emphasizing that in the future financial transactions will be “digital, universal and virtually free.” However, he did not fail to criticize the anonymity of virtual assets such as Bitcoin.
In addition to all these, Gates, who also spoke at a question and answer event on Reddit in 2014, underlined that although Vodaphone M-pesa, a mobile phone-based money transfer and microfinance service they support in Kenya, deals with digital currencies, they will not be anonymous assets like Bitcoin. .
However, although it is not known whether Gates has an official investment, it is possible to state that the possibilities are still there.
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