The wealthy and renowned businessman said that he does not have cryptocurrencies in his personal portfolio a collection of cryptocurrencies or crypto assets held by an investment company, hedge fund, financial institution or individual. because they do not meet his investment requirement.
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The billionaire and co-founder ofMicrosoft, Bill Gates, has maintained a cautious stance on the Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. for some time.
It is too speculative and “ is not very supportive on climate issues”. because of their high energy consumption, Gates has commented in the past. Although, without letting too much fanaticism shine through, he has also admitted that digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currencies and their technology could be positive for developing countries and emerging economies.
Things don’t seem to have changed much since, in 2015, we reviewed the businessman’s comments when he claimed that Bitcoin “ is not the future “.
In a question and answer (AMA) session at Reddit Gates invited the cybernauts of the online forum to ask him about his book “ How to prevent the next pandemic “, the work of his foundation and other topics of interest. “ I’m Bill Gates, co-chair of the Bill & Melinda Gates Foundation and author of “How to Prevent the Next Pandemic”. Ask me anything you want “.
The programmer also informed his nearly 60 million followers at Twitter about the AMA round.
I’m answering your questions now on @Reddit : https://t.co/QKKfUUTiFt pic.twitter.com/sAYwcyINyT
— Bill Gates (@BillGates) May 19, 2022
Among the thousands of questions and comments the American computer scientist received, one user invited him to comment on his stance on Bitcoin and cryptocurrencies. Gates reiterated in his response that he doesn’t own any digital currencies and argued that the reason is his inclination to invest in things that offer “ valuable products “, implying that Bitcoin and cryptocurrencies do not fit this criterion.
I don’t have any. I like to invest investing is when you put money in a financial scheme with the intent of making a gain. in things that have a valuable utility. The value of companies is based on them making great products. The value of cryptocurrencies is just what someone else decides someone else will pay for them, so it doesn’t contribute anything to society like other investments.
Not a fan of Bitcoin
Last year, Gates had already indicated during an interview for the program Squawk Box from CNBC that I didn’t have Bitcoin and so he preferred to opt for a “ neutral “about the coin. He then shared with Bloomberg his view that the digital asset was only for millionaires ” sophisticated “as Elon Musk recommending the general public to remain cautious about the crypto market.
Though more modest, his comments are in line with those he made in 2018, when he said that Bitcoin was one of the craziest and most speculative things you could invest in. .
Gates, who is one of the richest men in the world, has also joined the group of critics who point negatively to the energy consumption of Bitcoin and its environmental impact. The crypto sphere has been under great pressure due to criticism over the carbon footprint of proof-of-work poW is a type of consensus algorithm that rewards validators according to the amount of computational power they have expended. mining, which is seen in cryptocurrencies such as Bitcoin . Other billionaires have also voiced their dislike of the cryptocurrency’s flagship in the face of this issue, including the CEO of Tesla , Musk.
The computer scientist and co-founder ofMicrosoft is not the only high-profile wealthy person who views the new asset class with skepticism. As we have reviewed on previous occasions, other anti-crypto figures include Wall Street legends, Charlie Munger y Warren Buffet the latter standing out as perhaps the greatest enemy de Bitcoin .
- Bill Gates warns about Bitcoin: “It uses more electricity per transaction than any other method known to mankind”.
- Billionaire Warren Buffett: I wouldn’t buy all the Bitcoin in the world for $25 USD
- Economist Harry Dent predicts Bitcoin’s fall to USD $3,000 and that many years later it will reach USD $500,000.
Article by Hannah Estefania Perez / DiarioBitcoin
Imagen de Unsplash
