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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https://cointelegraph.com/news/bill-gates-id-short-crazier-speculative-bitcoin-if-i-couldI wonder this will be now against his last year interview which i watched in you tube that he fully supported the Bitcoin by saying nobody can stop Bitcoin then he joined the investments. After watching the video it convinced me to join Bitcoin investments and start earning more than i expected. Then now here is a news that looks like mocking Bitcoin but maybe he has his new reasons or maybe this news will need confirmation if he really is now against Bitcoin.