Why BILL GATES do not USE Bitcoin? - page 12.

Babyrica0226

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Quote from: glerand on June 21, 2017, 01:08:46 PM

Hello,
I just want to know why Bill Gates do not invest some money in Bitcoin, he will be a very big contributor to the crypto world, and will also be very respected, he will also be able to become more rich (or less).
But what is the reason why he do not invest funds in cryptocurrencies?

Maybe Bill gates doesn't need anything, because He is a billionaire person or He has a deep and valid reason why he's not using it.
And besides whether He use it or not nothing to loose for Him at all.

bitbunnny

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We can't know for sure if he is using Bitcoin or not. But I would say that rich people look differently on cryptocurrencies. And if they invest they invest in more secure and stable things, I would say more traditional ones. His interests are focused on different things and regarding to finances he probably has advisers and Bitcoin wasn't something they paid attention to.

krishnapramod

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Quote from: glerand on June 21, 2017, 01:08:46 PM

Hello,
I just want to know why Bill Gates do not invest some money in Bitcoin, he will be a very big contributor to the crypto world, and will also be very respected, he will also be able to become more rich (or less).
But what is the reason why he do not invest funds in cryptocurrencies?

If I go by Bill Gates opinion I would not call him a bitcoin enthusiast. He likes the technology behind bitcoin, but does not agree with non reversible and volatility.

Quote

"Bitcoin is an exciting new technology. Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient. For our Foundation work we are doing digital currency to help the poor get banking services. We don't use bitcoin specifically for two reasons. One is that the poor shouldn't have a currency whose value goes up and down a lot compared to their local currency. Second is that if a mistake is made in who you pay then you need to be able to reverse it so anonymity wouldn't work."

I do not know if he is investing in bitcoins or not. Bill Gates net worth is twice the entire market capitalization of bitcoin.

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How do you know that Bill Gates did not invest into Bitcoin, all he need is a offline wallet address to store his bitcoins, unlike banks or online payment gateway, bitcoin does not need a user to register his national ID or submit any document verification for proof of his identity, who knows how many bitcoins there are in Bill Gates bitcoin wallet now except himself?

xIIImaL

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Quote from: johnwest on June 22, 2017, 11:06:37 AM

Quote from: kuyaJ on June 22, 2017, 10:50:43 AM

He didn't need money because he is rich enough. Maybe if he use a bitcoin lately his money being doubled. He have many business i think maybe without bitcoin he can richer than he reach.

The people who are rich are the same people who want to stay rich forever. Think it this way, total 41 Billion worth of BTC is in the market right now and Bill Gates is worth 82 Billion. Yes, double than the total of all BTC in the world. He may have some BTC in his pocket already or maybe he is not that interested in BTC yet. Who knows..!!!

Is the OP is a personal secretary of bill gates to say that bitcoin is not been used by him. Please check Microsoft site you will understand that they already accepting bitcoin. Perfect business man will not leave a single penny easily.

Please refer the below link which has been released by the support faq of Microsoft.
https://support.microsoft.com/en-in/help/13942/microsoft-account-add-money-with-bitcoin

Blind Legs Parker

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Quote

Hello,
I just want to know why Bill Gates do not invest some money in Bitcoin, he will be a very big contributor to the crypto world, and will also be very respected, he will also be able to become more rich (or less).
But what is the reason why he do not invest funds in cryptocurrencies?

As others already mentioned, Bill Gates actually does have bitcoins. Now on to the main point: Bill Gate's fortune is twice of bitcoin's market cap. Which means that the guy could buy all bitcoins... twice! Better than Chuck Norris. No, he won't become much richer by buying bitcoins. If he invests significant amounts (for him) in bitcoin the price will skyrocket like crazy. Same when he dumps. He might already be a whale, though, to be fair. He probably is, actually. He does have bitcoins but they're not going to make him much richer (or poorer, as you said). If he was invested to the level you're talking about, bitcoin's price would look nothing like it does now.

johnwest

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Quote from: kuyaJ on June 22, 2017, 10:50:43 AM

He didn't need money because he is rich enough. Maybe if he use a bitcoin lately his money being doubled. He have many business i think maybe without bitcoin he can richer than he reach.

The people who are rich are the same people who want to stay rich forever. Think it this way, total 41 Billion worth of BTC is in the market right now and Bill Gates is worth 82 Billion. Yes, double than the total of all BTC in the world. He may have some BTC in his pocket already or maybe he is not that interested in BTC yet. Who knows..!!!

kuyaJ

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He didn't need money because he is rich enough. Maybe if he use a bitcoin lately his money being doubled. He have many business i think maybe without bitcoin he can richer than he reach.

Ayers

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Quote from: glerand on June 21, 2017, 01:08:46 PM

Hello,
I just want to know why Bill Gates do not invest some money in Bitcoin, he will be a very big contributor to the crypto world, and will also be very respected, he will also be able to become more rich (or less).
But what is the reason why he do not invest funds in cryptocurrencies?

because if he invest, you and other newbie will dump lol, he is not stupid, by investing a lot of money you are making other people dumping and nothing else, the price would increase a lot with all the money he have

BillyBobZorton

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The funny thing is that there is a trending video in youtube with over 1,000,000 views about Bitcoin with Bill Gates on it and now all the noobs think Bill Gates is Bitcoin friendly when I doubt that's the case, he must be neutral at best. As others pointed out, Bill Gates is a dollar billionaire so he benefits from the status quo. He would only approve of a e-fiat, not a true radical invention like Bitcoin.

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We do not know, some of this worlds billionaire are secretly investing in cryptocurrency especially bitcoin. They want their identity in secret and besides bitcoin is decentralized coin where anyone can own anonymously. Just take the case of Wozniak,Apple Inc. co-founder he bought bitcoin when it was still @700 dollar.

Yakamoto

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Quote from: glerand on June 21, 2017, 01:08:46 PM

Hello,
I just want to know why Bill Gates do not invest some money in Bitcoin, he will be a very big contributor to the crypto world, and will also be very respected, he will also be able to become more rich (or less).
But what is the reason why he do not invest funds in cryptocurrencies?

Probably has his reasons and a lot of them probably stem from some of the legal issues he could expect to run into to there being too much volatility or a lack of liquidity within the market for it to be worth investing in anything, and in a lot of cases he would be right if these are his reasons.

You have to keep in mind people like Bill Gates to not exist to make your stuff more valuable. They have their own reasons and can't care less about how much money you make from Bitcoin, regardless of how rich he could make you.

Tazmo

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He is old why wouldd he.... too rich and status quo

virtualdn

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Because he already owns a huge amount of money in FIAT and the BTC value is not something very huge for the amount of money he already has... for many billionaires out there BTC is just a tiny thing

Vikingr

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No one know about the bitcoin users that who is in bitcoin and who is not in it because it is anonymous currency. So we also do not know that Bill Gates have money in bitcoin or not. I am sure that he will also have some amount of money in bitcoin because he is related to digital business and any person who is expert in digital world know completely about bitcoin and its benefits.

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Quote from: glerand on June 21, 2017, 01:08:46 PM

Hello,
I just want to know why Bill Gates do not invest some money in Bitcoin, he will be a very big contributor to the crypto world, and will also be very respected, he will also be able to become more rich (or less).
But what is the reason why he do not invest funds in cryptocurrencies?

Because bitcoin is a revolution and those that are rich are invested in the way the system works, why do you think he will want to become rich in bitcoin when he is already rich in fiat, in fact from his point of view he should wish the bitcoin revolution does not become successful, if it does then not only he will lose money, he will lose the way to generate that money.

KesoNie

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Quote from: glerand on June 21, 2017, 01:08:46 PM

Hello,
I just want to know why Bill Gates do not invest some money in Bitcoin, he will be a very big contributor to the crypto world, and will also be very respected, he will also be able to become more rich (or less).
But what is the reason why he do not invest funds in cryptocurrencies?

I have read and watch a video. Bill gates already know bitcoin and it has a bitcoins too. He also believes that bitcoin is good and it will be a good for long term investment.

Gumpfire

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Quote from: glerand on June 21, 2017, 01:08:46 PM

Hello,
I just want to know why Bill Gates do not invest some money in Bitcoin, he will be a very big contributor to the crypto world, and will also be very respected, he will also be able to become more rich (or less).
But what is the reason why he do not invest funds in cryptocurrencies?

In my own opinion why bill gates do not invest sme in bitcoin simply because bill gates is so rich he don't need any bitcoins to get even more rich. In every seconds bill gates salary worth hundreds thousands, so in a day he's salary is worth a million. So what is the reason that bill gates should use bitcoin ? Nothing.

Despacito

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Firstly he does not need money or pure profit. He's now more interested in social responsibility project. And last how do you know he don't use bitcoin directly or indirectly? We can't know.

eternalgloom

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What a freaking random question to ask... And you haven't even done any research about this whatsoever because if you did, you would have certainly found the Youtube video with Bill Gates talking about Bitcoin very positively.

https://www.youtube.com/watch?v=r6mOUh_NY8M

Next time, at least do a simple search on Google Wink

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