Bill Gates who's the ex Chief executive of Microsoft, was live on the social media website clubhouse were he said 'Bitcoin was not for me'
Mr Bill Gates Told host Andrew Sorkin that he prefers to invest in Companies that addresses issues like Malaria and vaccines.
He said things like , he does not select his investment due to the basis that they will be worth more to others
In his ealier talks he criticised Elon Musk Bitcoin enthusiasm which he has on Crypto currencies like Bitcoin.
He warned people by saying , if you do not have more money than Elon Musk you should watch out when you are investing in Crypto currencies.
He continued to say "Elon musk has a lot of money and his very sophisticated , so it's no wonder Bitcoin shall go up and down"
Bitcoin Jumped to a value of $57,000 when Elon Musk revealed that Telsa had invested 1.5bn and also plan to allow Telsa products to be bought with Bitcoin. The announcement so Bitcoin rise to 50% but at present it has also fallen by 20%
USA treasury Janet Yellen voiced out her concern over Bitcoin . She said "extremely inefficient way of conducting transactions
Bill Gates has always been skeptical of Bitcoin he consider it to be a short selling assert, were people buy when the product is cheap and quickly sale when it is high.