What Does Bill Gates Think About Bitcoin?

Microsoft founder Bill Gates has not invested in Bitcoin and has warned people not to invest in cryptocurrencies sooner. Read more about his opinion on Bitcoin.

What Does Bill Gates Think About Bitcoin?

Microsoft founder Bill Gates has not invested in Bitcoin, he said in a live chat on the social network Clubhouse. In an interview with Bloomberg Television, Gates commented that Elon has tons of money and is very sophisticated, so I'm not worried that his Bitcoin will go up or down randomly. At the time, Gates said that he had been given Bitcoin as a birthday present, but that he had sold it a few years later. Specifically, Gates said, he is primarily concerned about the lack of regulation around cryptocurrency.

Because Gates described the ups and downs of Bitcoin as random, his words also suggest that he may not believe that the price of the coin necessarily follows its intrinsic value. Gates, who published a book this year titled “How to Avoid a Climate Disaster,” suggested that he could change his outlook on cryptocurrencies if platforms adopt green energy practices. Not only is Gates one of the richest men in the world, but the nascent cryptocurrency industry is also frequently compared to the early days of the Internet. Moving money to a digital form and reducing transaction costs is something the Gates Foundation does in developing countries. Bill Gates has warned people not to invest in cryptocurrencies sooner, especially those with less money than Elon Musk. Gates also warned about the environmental impact of cryptocurrencies, 3 days ago.

During a CNBC interview that aired Thursday, Gates took a more moderate stance, describing his views on bitcoin as “neutral”.Gates addressed the topic of investing in Bitcoin in a conversation about Tesla CEO Elon Musk's Bitcoin holdings. But Gates said that his fellow tech billionaire was merely an example of why the daily use of Bitcoin disables it. Speaking in a Clubhouse interview later that year, Gates said that Bitcoin uses more electricity per transaction than any other method known to mankind. This is certainly not the first time, Gates has talked about bitcoin and crypto, but his beliefs have faltered over time. Video later added that Gates' comments imply that he is “clear in his mind that Bitcoin is a “bubble that will burst.”Overall, Bill Gates has made it clear that he does not invest in cryptocurrencies because he likes to invest in things with valuable production.

He has also warned people not to invest in cryptocurrencies sooner and has expressed concerns about its environmental impact and lack of regulation.