In an interview with Bloomberg, Microsoft founder Bill Gates explains how dangerous Bitcoin can be for small investors.
In line with the current fall in the price of the crypto market , Bill Gates comments
According to Gates, you shouldn’t touch Bitcoin if you’re not as rich and thoughtful as Tesla boss Elon Musk is. In an interview with Bloomberg on February 23, Gates shared this attitude: “Elon has tons of money and he’s very thoughtful. I’m not worried that his bitcoins will somehow randomly go up or down […] my general thought would be if you have less money than Elon you should probably be careful. ”
Gates worries that many small investors who have bought in the current bull market will not be able to cope with future price falls. In an interview, the once richest person in the world explains that Golden Profit requires too much energy and promotes anonymous, irreversible transactions. Therefore a fall in the course is to be expected. Still, he claims that digital money is a good thing when it can be traced: “The Gates Foundation is doing a lot about digital currency, but these are things you can see who is doing transactions. So, digital money is a good thing. “
Gates expects digital money to play a big role in the world’s poorest countries
According to his own statements, Bill Gates is neutral towards Bitcoin. The statements in the Bloomberg interview are supposed to be an objective statement: “I don’t own Bitcoin. I’m not short on bitcoin. So I have a neutral view. “
In a previous interview with CNBC , the Microsoft founder revealed that he has changed his view of Bitcoin from negative to neutral. Gates had previously placed a short bet against Bitcoin.