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-couldBill Gates talks always that he is against in bitcoin, I don't think why Bill Gates are against in bitcoin. My friend told me that Bill Gates is investing in bitcoin but he think that it is risky. Many bitcoin users or people are investing now here in bitcoin, Many people earn a lot of profit. My opinion is when Bill Gates supports bitcoin, I think the whole world become prosperous.