Quote from: Sinecoin on May 15, 2018, 02:17:58 AM

Quote from: lushlifing on May 13, 2018, 03:05:44 PM

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

Every is entitled to their own opinion and in this case my opinion is that Bill Gates is wrong. Bitcoin has grown immensely over the past 10 years and i think it will continue to grow over the upcoming years. I think if someone were to short bitcoin in the long term they will end up losing their entire investments.

Yeah we are entitled of your own opinions but you shouldn't be conclusive enough without room for mistake, if he say that it would just die directly without knowing that bitcoin is almost 10 year's in existence and still growing and in fact lately they planning to adopt black chain technology for their business used.