Bill Gates, the founder of MicroSFT, is no longer a bitcoin bear. He has now taken a neutral stance on Bitcoin as an investment. However, as an innovation, he says that cryptocurrency is one that the world would be better off without, as it allows certain criminal activities.
Bill Gates changes his mind about Bitcoin
Bill Gates talked about bitcoin and cryptocurrency in two separate interviews on Thursday. A CNBC Was accompanied by where he was asked what he thought of Bitcoin “in the context of climate change, looking at how Bitcoin takes up huge amounts of energy in digital mines.” Gates gave a simple answer:
I don’t have bitcoin. I am not short bitcoin. Therefore, I have taken a neutral approach.
Gates continued, “Bitcoin can only go up and down depending on the mania or whatever the point of view, and I have no way of predicting how it will progress.”
The founder of MicroSFT added: “I think the move to more digital form and lower transaction costs is what the Gates Foundation does in developing countries. But, we do that so you can do the opposite of transactions so we have a full view of who is doing what. It’s not about tax evasion or illegal activities. ”
Gates has never been a fan of Bitcoin. In an interview with CNBC in 2018, he, Bernshire Hathaway CEO Wern Run Buffett, and Vice Chairman Charlie Munger talked about Bitcoin being useless.
“As an asset class, you are not producing anything and so you should not expect it. It’s a kind of pure ‘big flower theory’ kind of investment, ’Gates commented. “If there was an easy way to do it I would cut it short.” BTC was trading at around 9,300 that day. Since then, at the time of writing, the value of cryptocurrency has risen about 511% to સમયે 56,805.
Bill Gates thinks the world is better off without cryptocurrency innovation
Another interview published Thursday where Gates talked about cryptocurrency was with the Wall Street Journal. In answer to the question, “What is a technological innovation in the world better without it?” He said:
The way cryptocurrency works today allows for certain criminal activities. It would be good to get rid of it.
However, Gates quickly added, “I should have said biopsy. That’s a really bad thing. We shouldn’t have the technology for that. “
According to Forbes’ real-time list of billionaires, Gates is fourth with a fortune of ઓની 124 billion. First on the list is Amazon Mazon CEO Jeff Bezos with સંપ 9189 billion, followed by Tesla and SpaceX CEO Elon Musk with 182 billion and then Bernard Arnault with 159 billion.
Meanwhile, Micro .ft has been granted a patent for a “cryptocurrency system using body activity data”. Tasks such as search engines, chatbots and reading advertisements This crypto-mining system benefits human activities, including brain waves and body heat while performing offline tasks.
What do you think of Bill Gates’ comments about Bitcoins and cryptocurrencies? Let us know in the comments section below.
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