I recently read through the comments made by Bill Gate on bitcoin and other related cryptocurrencies (
https://www.google.com.gh/amp/s/www.cnet.com/google-amp/news/microsoft-founder-bill-gates-would-bet-against-bitcoin/). From the comments he made, it is obvious that, Bill Gate is against investing into cryptocurrency. Critically appraising and analyzing how helpful bitcoin and other cryptocurrency are and base on the comments Bill Gate made, I don't see the reason why he is against cryptocurrency. Probably he might be having his own reasons of which I am not aware of. Can someone help as to why Bill Gate spoke against bitcoin and other cryptocurrencies?
Rich people such as Jeff Bezos, Bill Gates, Warren Buffet etc do not have any interest in investing in crypto because of their volatile nature. These people are of the view that investing in crypto is like gambling because of the high rate of risk. These people are already having too much wealth that they dont want to increase their wealth by taking a huge risk. So they play on the safer side.