Bill Gates does not believe in the future of Bitcoin and cryptocurrencies. Asked by a user, the founder of Microsoft firmly assured that digital currencies do not have the slightest value. Well-known billionaires, such as Elon Musk and Tim Cook, have nevertheless invested in crypto-assets.
At the beginning of May 2022, the cryptocurrency market suddenly crashed. The fall of the UST, the stablecoin of Terra, caused a sudden drop in all digital currencies in the market. Bitcoin, the most valuable cryptocurrency in the world, has fallen back below the $30,000 threshold. The decline also affected the non-fungible token (NFT) sector, which gradually contracted.
In this bearish context, many voices are being heard to tackle the cryptocurrency ecosystem. A few days ago, Christine Lagarde, President of the European Central Bank, thus assured that cryptocurrencies did not have the slightest value. This is far from the first time the official has harshly lambasted the world of digital assets. Some players in the crypto ecosystem have also stood out with strong opinions. Thus, the creator of Dogecoin accused 95% of crypto-assets of being scams.
BILL GATES REFUSES TO BUY CRYPTOCURRENCIES :
Mirroring Christine Lagarde, Bill Gates, the illustrious founder of Microsoft, does not believe in the potential of cryptocurrencies. This Thursday, May 19, 2022, the billionaire indeed gave himself up to some confidences during an AMA (Ask Me Anything) session or “Ask me what you want” on the Reddit social network. He first revealed that he is not using a Surface Duo 2, Microsoft’s foldable smartphone, but a Samsung Galaxy Z Fold 3.
Asked by a user about “Bitcoin and cryptocurrencies”, Bill Gates was particularly reluctant on the issue. “I don’t own any. I like to invest in things that have value,” said Bill Gates, considering from the outset that all digital currencies are worthless.
“I like to invest in things that add value. The value of companies is based on how well they make great products. The value of cryptocurrencies is just what another person decides someone else will pay for it, so it doesn’t add anything to society like other investments,” says Bill Gates, who opposes investing in cryptocurrencies. cryptocurrencies to investment in stocks on the stock exchange.