- Bill Gates said he wouldn’t invest in cryptocurrencies because he likes to invest in things that have “valued outcomes.”
- Gates has previously warned people not to invest in cryptocurrencies. This is especially true for those who “have less money” than Elon Musk.
- Gates also warns about the impact of cryptography on the environment.
Bill Gates, co-founder of Microsoft and the fourth wealthiest person in the world, says he is not a crypto investor because he does not “contribute to society.”
On Thursday, Gates Reddit Ask Me Anything Users asked their thoughts on Bitcoin and cryptocurrencies.
“I don’t own anything,” Gates wrote. “I like to invest in things that deliver valuable results. Corporate value is based on how good products are manufactured. Cryptographic value is social like any other investment. Instead of adding to, someone else decides to pay. “”
A statement from Gates is in the report of the cryptocurrency crash.Bitcoin Price fell below $ 30,000 per share May and Experts say it can be even lower.
Gates has previously expressed disapproval of cryptocurrencies.He once warned them Enter crypto investment Beware of acquisitions on the crypto boom, especially if you’re not rich Tesla and SpaceX Founder Elon Musk..
“I think people will be bought by these enthusiasts. I’m not bullish on Bitcoin because they may not be able to afford it. My general idea is if you have less money than Elon. I think you should probably see out, ” Gates told Bloomberg In 2021.
He is also a railing Against the impact of cryptography on the environment It accounts for most of the world’s energy consumption. In 2021, cryptocurrency mining .5% of the electricity used in the world.
