Since Gates last appreciation regarding crypto back in 2018 when he said that he would short BTC if there was and easy way to do it, Bill Gates recently described Bitcoin as a mania/bubble so he is still pessimistic, while others like Elon Musk have revealed that they believe not only BTC could rise exponentially in value.
Who's right? Let's discuss.
We see that Bill Gates does not like crypto, the reason he gave is that it can consume quite a lot of electricity, and make the earth even warmer. Electricity consumption for Bitcoin mining based on Cambridge University research reaches 121.6 terawatt-hours (TWh).
While Elon Musk chose crypto as an alternative means of payment, he even recently bought up Dogecoin. We know that cryptocurrency cannot be separated from Microsoft. Because Windows is the main route of access to the blockchain system. Although there are Linux and Apple as alternatives.
How can be you so sure that Bill Gates do not like crypto. How often we see that these famous personalities change their statement so often. One day you see them talking positive about bitcoin and other day they talk negative about them. One day, you will see Bill gates will change his statement in the favor of bitcoin.