World Riches’ fight for Bitcoin: Gates advises staying while Musk sparks’ price frenzy ‘



[ad_1]

World's Richest Fight for Bitcoin: Gates Advises Stay Away, Musk Causes

AFP

Bill Gates and Elon Musk

The American billionaire Bill Gates asked to avoid investing in the digital currency, “Bitcoin”, for those with less money than the richest man in the world, Elon Musk, who asks to invest in this currency.

The founder of the American company “Microsoft” Gates said in an interview with “Bloomberg”: “At a time when Elon Musk (the American billionaire) is driving the frenzy of purchases in the cryptocurrency market, anyone with less money that he (Musk) should avoid investing in bitcoins. Be careful. “

“While price fluctuations may not be a source of concern for people like the CEO of Tesla and the wealthy (Musk), the risks will be worrisome for others,” he added.

In one of his recent comments on the “Clubhouse” app, Gates noted that “Bitcoin mining is harmful to the environment.”

This statement came about two weeks after researchers at the University of Cambridge found that Bitcoin mining consumes more electricity than some countries, like Argentina, for example.

On the other hand, Musk has been promoting investment in Bitcoin and speculates that this coin could gain wider recognition soon.

Musk considers that “investing in bitcoins is less” stupid “than investing in fiat money.

This week, Bitcoin’s price rally came to a halt, dropping from a record high of $ 58,000 to its current level of around $ 47,300.

Source: RT



[ad_2]