In this blog, we are going to discuss the comment made by Bill Gates in a recent interview. Bill Gates is one of the founders of Microsoft. This is known to everyone. But did you know that he is also a philanthropist? Do you know that Bill Gates is not much fond of cryptocurrency? Many of you may find it surprising. But it is true. When an interviewer asked him what technological advancement the world could do without, he told about cryptocurrency. This interview was published this Thursday in The Wall Street Journal. According to him, daily operations of this world can go smooth without cryptocurrency. He genuinely hates the concept of bitcoin and digital assets. We are going to discuss this matter in details:
In his answer given in the interview, it is very clear that he considers cryptocurrency as a bad thing. Why bad things? The answer is he thinks cryptocurrencies open the doors towards wrongful activities. It gives birth to several criminal cases. He said these are bioweapons. He advises everyone involved in cryptocurrency to come out of it.
On Thursday, we came to know about Bill Gates’s viewpoint on Bitcoin. It was neither positive nor negative. He was fully neutral about bitcoin. He did not own bitcoin or short them. He gave a very diplomatic answer. This shows he neither supports nor against bitcoins. This interview was telecasted on CNBC’s “Squawk Box” show.
The Gates foundation follows the below mentioned two important things towards their mission of developing countries:
1.According to them, the money must be utilized in a digital format. This can lead to the development of countries.
2.Every possible step must be taken to keep the transaction costs low.
There is indeed a particular way based on which bitcoin goes up and down. But Bill Gates is unaware of that factor based on which its progress can be predicted.
Bitcoin is that type of innovation or technology invented to work as a solution to a non-existent problem. But a lot of energy is wasted during the process of a single bitcoin creation. And still, a lot of crazes are there for bitcoins.
In another interview telecasted in the “Squawk Box” show in 2018, Bill Gates expressed his hard feelings against bitcoins. He said that if a chance is given to him, he would bet against bitcoin.
The billionaire Bill Gates has a strong feeling that people can lead a happy life ever after without the help of cryptos. Humanity without these bioweapons is the best idea for a developing country according to Bill Gates. These thoughts of Gates make it clear that this billionaire is not at all a fan of bitcoins.
Cryptocurrencies are widely used for money laundering. This is what the leading technologists think about cryptos. These experts have a strong belief that many hackers abuse these cryptos.
Do you all know that till this Thursday, the prices of cryptocurrencies were more than 52000 dollars? The overall gains concerning cryptos are 80% in 2021.
Investment in digital assets is a foolish investment theory according to this billionaire. Since you are not involved in any production, so the expectation of its increment should not be there. This is the thought he expressed two years ago in CNBC.
He wishes everyone to stay away from trading related to cryptocurrencies.
