Ninjastic
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Re: Bill Gates to Bitcoin
by
cellard
on 15/05/2018, 17:14:43 UTC
Quote from: Haunebu on May 15, 2018, 04:00:21 PM
Quote from: avikz on May 15, 2018, 11:19:16 AM
Quote from: lushlifing on May 13, 2018, 03:05:44 PM
Bill Gates: I’d 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 network’s 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 is an awesome personality but that doesn't mean what he thinks will be true everytime. I remember, his old friend Mr. Buffet was also present in that show who is a known hater of bitcoin. So I believe it's just peer pressure.  Tongue

But seriously, market has learnt to ignore such comments from conventional old timers. They have lived their life and now it's our time to live ours. Why bother listening to them? Even the crypto market doesn't show any impact to such comments anymore. Simply ignore!
I agree with you completely. Bill Gates and Warren Buffet are easily two of the smartest people that I have observed, but that does not imply that they are perfect in any manner whatsoever. They hate the cryptocurrency market and issue negative comments about Bitcoin which is completely their opinion and I respect it since we cannot force anyone to say good stuff about Bitcoin. If the world governments cannot stop Bitcoin and the cryptocurrency market, I doubt 2 old guys can do something in this aspect. No need to bad mouth them for expressing their opinions people.

People don't seem to understand that these 3 guys empires depend on the US dollar hegemony, if the US dollar loses the current status it has, their portfolios would feel it negatively, and Bitcoin will dethrone the US dollar hegemony. Therefore they can either:

1) Fight this fact via FUD
2) Hold Bitcoin on their portfolios

Im sure they will eventually start going towards 2) (if they are smart) but they want to shake all the idiots out of the market first so they can buy cheaper. At least Bill Gates should understand this, the other 2 guys are simply too old and irrelevant in the new world, they will be dead soon anyway.