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Recently, co-founder of Microsoft has stated on CNBC's "Squawk Box" :
-" kind of a pure 'greater fool theory' type of investment"
" I agree I would short it if there was an easy way to do it," Gates replied.
-Gates also added that someone once gave him some bitcoin for his birthday, but he sold it a few years afterward
- " As an asset class, you're not producing anything and so you shouldn't expect it to go up. It's kind of a pure 'greater fool theory' type of investment, "Gates said on CNBC's" Squawk Box. "
His statements made on CNBC turn out to be the truth according to financial research firm Autonomous Next. The firm said that Bitcoin price has an impressive rise from $2000 to $19,000 in mid December but then lost more than half of its value and it was trading near $9,300 recently. Therefore, trading Bitcoin or any others cryptocurrency in long-term doesnt seem to be a good ideal.
Like many critics of the increase in Crypto value, Gates did say the underlying blockchain technology had its merits.
It seems that Bill Gates is supporting the development of the blockchain but not so much for Bitcoin and digital currency. He even wants to shoot them if its possible.
What do you think?
RTC
KingMobile
~~~~
Recently, co-founder of Microsoft has stated on CNBC's "Squawk Box" :
-" kind of a pure 'greater fool theory' type of investment"
" I agree I would short it if there was an easy way to do it," Gates replied.
-Gates also added that someone once gave him some bitcoin for his birthday, but he sold it a few years afterward
- " As an asset class, you're not producing anything and so you shouldn't expect it to go up. It's kind of a pure 'greater fool theory' type of investment, "Gates said on CNBC's" Squawk Box. "
His statements made on CNBC turn out to be the truth according to financial research firm Autonomous Next. The firm said that Bitcoin price has an impressive rise from $2000 to $19,000 in mid December but then lost more than half of its value and it was trading near $9,300 recently. Therefore, trading Bitcoin or any others cryptocurrency in long-term doesnt seem to be a good ideal.
Like many critics of the increase in Crypto value, Gates did say the underlying blockchain technology had its merits.
It seems that Bill Gates is supporting the development of the blockchain but not so much for Bitcoin and digital currency. He even wants to shoot them if its possible.
What do you think?
RTC
KingMobile
And bill gates say's...
Bitcoin is mostly about anonymous transactions,I don't think overtime that's a good way to go
Im a huge believe in digital currency...but doing it on an anonymous basis I think that leads
To some abuses,so I'm not involved in bitcoin.
