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.
read more, https://cointelegraph.com/news/bill-gates-id-short-crazier-speculative-bitcoin-if-i-could
Bill gates can never be a millionaire if he doesn't know a thing or two about assets. I agree that we are investing blindly in cryptocurrencies but the point is, some of us are only here in this forum to invest their time and efforts. Nonetheless, we just all want to be rich like Bill Gates but as for now, all we can do is to work for the money. I look bitcoin as a form of job in this forum and honestly speaking, what I am doing is my forte. 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.
read more, https://cointelegraph.com/news/bill-gates-id-short-crazier-speculative-bitcoin-if-i-could
