Bill Gates Still Doesn't Believe in Bitcoin

Billionaire Bill Gates voices out his worries and concerns over Bitcoin and why most people should be careful in investing in cause they are not Elon Musk

Posted  234 Views updated 2 months ago

 

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.


 


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