Follow Us

Header Ad

Latest Posts

Categories

Bill Gates explained the lack of cryptocurrencies in his investment portfolio


Microsoft founder Bill Gates during AMA-sessions on Reddit stated that he does not own cryptocurrency.

“I like to invest in things that have value. The value of companies is based on how they make great products,” Gates explained.

According to him, digital assets do not fall into this category.

“The value of cryptocurrencies depends on a person’s decision that someone else is willing to pay for it,” the billionaire said.

Gates added that such assets do not benefit society.

In February 2021, the Microsoft founder urged potential investors not to follow the example of Tesla, which invested $1.5 billion in bitcoin. In his opinion, owners of less capital than Elon Musk “should be more careful.”

Recall that in March 2021, Gates saw bitcoin as a problem for the global climate.

Earlier, former US Federal Reserve Chairman Ben Bernanke questioned the prospects of digital gold as an alternative to fiat. According to him, bitcoin is attractive “as a speculative asset.”

Subscribe to ForkLog news on Telegram: ForkLog Feed – the entire news feed, ForkLog – the most important news, infographics and opinions.

Found a mistake in the text? Select it and press CTRL+ENTER

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

Forgot Password