Bill Gates: I’d Short ‘Crazier, Speculative’ Bitcoin If I Could
Microsoft founder Bill Gates issued critical comments about Bitcoin May 7, telling CNBC it was a “greater fool” investment and he “would short it if he could.”
In comments during the network’s Squawk Box segment, Gates, who in February claimed cryptocurrencies had “caused deaths in a fairly direct way,” nonetheless did not discount the idea of engaging with it himself.
“As an asset class, you're not producing anything and so you shouldn't expect it to go up. It's kind of a pure 'greater fool theory' type of investment,” he said.
read more, https://cointelegraph.com/news/bill-gates-id-short-crazier-speculative-bitcoin-if-i-could
I think he is right about Bitcoin. We are investing blindly, we do not understand the operation or business plan of the altcoin we invest. The current value of bitcoin is considered to be a virtual value, and it can return zero at any time without reason. So investing in the Crypto market is a very risky investment.Microsoft founder Bill Gates issued critical comments about Bitcoin May 7, telling CNBC it was a “greater fool” investment and he “would short it if he could.”
In comments during the network’s Squawk Box segment, Gates, who in February claimed cryptocurrencies had “caused deaths in a fairly direct way,” nonetheless did not discount the idea of engaging with it himself.
“As an asset class, you're not producing anything and so you shouldn't expect it to go up. It's kind of a pure 'greater fool theory' type of investment,” he said.
read more, https://cointelegraph.com/news/bill-gates-id-short-crazier-speculative-bitcoin-if-i-could
And besides this problem only applies to those who wanted to gain quilckly those people that has been told by friend that bitcoin is a money flows,that if you invest here you will gain instantly
