Bill Gates: Bitcoin has no social value

Microsoft founder Bill Gates recently answered many questions from users on Reddit. It was also about cryptocurrencies.

Bill Gates recently answered questions from the Reddit community. When asked what he thinks of cryptocurrencies in general and bitcoin in particular, Gates wrote:

I don’t own any. I like to invest in things that bring a valuable return. The value of companies is based on how they make great products. The value of cryptocurrencies is only what another person decides someone else will pay for it. So it does not represent a contribution to society like other investments.

Reddit

On its patent number WO9232774 where it is a cryptocurrency ecosystem, in which one is to be rewarded for physical exercise with coins, Bill Gates did not want to go into.

Gates warned last year about a “crypto -Hysteria”

The Microsoft founder made his criticism of the crypto community clear last year when he warned in a Bloomberg interview against himself getting infected by the rampant crypto hysteria. The background was Elon Musk’s announcement that he would buy Bitcoins worth 1.5 billion US dollars. Tesla is likely to have regretted the purchase for a long time because the fall in the price of Bitcoin has now caused the company considerable losses.

Bill Gates described the desire to buy of some investors as a kind of “

manic phase“. Those who have less money than billionaire Elon Musk should be careful when choosing their investments.

bitcoin

Bitcoin, because fuck banks!

Strictly regulated digital currencies preferred

Bill Gates prefers digital currencies that do not allow anonymity and therefore no money laundering because they are state-regulated from top to bottom. He would see central bank regulated coins with low transaction costs as “something super positive”. Then donations would reach the recipients in the Third World quickly and with only minor deductions. He has already had similar experiences with the Bill and Melinda Gates Foundation.

Timing of the review almost perfect

No matter what one thinks of it, Bill Gates’ statements come at just the right time for critics. The crash of the stablecoin Terra (Luna) caused total losses for many investors and dragged the price of countless cryptocurrencies down with it. The value of Bitcoin is also affected to a considerable extent.

Tarnkappe.info

About Lars Sobiraj

Lars Sobiraj started in 2000 to work as a career changer for various computer magazines. 2006 numerous other online magazines were added in addition to gulli.com . He is the founder of Tarnkappe.info. In addition, Ghandy, as he calls himself in the scene, since 2014 at various universities and training institutions to teach the participants how the Internet works.

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