Bill Gates: Id Short Crazier, Speculative Bitcoin If I Could
Microsoft founder Bill Gates issued critical comments about Bitcoin May 7, telling CNBC it was a greater fool investment and he would short it if he could.
In comments during the networks Squawk Box segment, Gates, who in February claimed cryptocurrencies had caused deaths in a fairly direct way, nonetheless did not discount the idea of engaging with it himself.
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, he said.
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