Most rich people like Bill Gates and Warren Buffet are against investing in bitcoin or cryptocurrencies in general because of the huge risks due to heavy volatility. I'm very bullish on bitcoin and cryptocurrencies, but it's indeed a huge gamble. "Moon" and "lambo" gains aren't guaranteed. We're just pretty much speculating and hoping that it would indeed rise to very high prices.
Yep, this is the most important reason i guess
Bill Gates says Bitcoin is attractive because it's so cheap, Bitcoin is better than real money, you do not have to come in and of course, with big deals, the money is awkward. Bill Gates reiterates his point. The cryptocurrency in the speech summarizes the main idea at the end of the conference. He insisted that in the future, financial transactions would be "digitized, globalized and almost free, Bill Gates emphasized Bitcoin's transaction cost reduction but did not appreciate the when using this type of money. He hinted at some of the allegedly malicious use of Bitcoin