Topic: Why is Bill Gate against investing into bitcoin? - page 13. (Read 3183 times)

Maybe because he doesn't know how cryptocurrency or bitcoin works. People like him doesn't get rich by doing such thing. Thinking about the extreme volatility of using it. Well, as a business minded person, he was able to become billionaire through his business itself. I guess that is one of the reasons why he doesn't support bitcoin. Taking a huge risk in a thing which is prone to negative issues and in an unsure system does not make him to promote it.

He is against bitcoin because he said, bitcoin lacks its actual value and that means he is referring to bitcoin's extreme volatility. He is a business oriented man and of course we think he is ignorant on our part. But he has a point. We don't need someone who is actually against the thing that helps most lives that relies on bitcoin. He wants a "sure" thing which is not present here in crypto world.

From what I see Bill Gates cannot  accept the new world entering to digital currencies. Even if he is a powerful and rich person, he cant stop it. His reason that digital currencies are being used to money-luander, buy illegal drugs and funds terrorist are still happening also in fiat. He may be against it but he does not think how many jobs are now offered becuase of the new digital currencies. The new way to help others in dire need. The new way to send and receive funds in the quickest way. There are quite a lot of opportunities opened. Bill Gates is just closed minded with the Cryptoworld. We dont know for sure if he has other reason disliking it.

Bill Gates says the anonymous nature of blockchain technology as a basis of electronic money can have a very bad effect. "At present, electronic money is used to buy fentanyl (a painkiller) and other drugs, so it can be said that this technology can cause indirect death," he said.

Bill Gate against the cryptocurrency coins you can join the discussion on getting information from here: https://bitcointalksearch.org/topic/bill-gates-i-would-put-against-bitcoin-3645967

If he does that would be a big boost for btc as in general, it needs someone famous that can support it but at the same time, it is a risky investment.

He never said that he is against investing on crypto, why are there still people spreading fake rumours about things that never happened before? Came on guys, stop spreading this

Bill Gate against is investing into bitcoin, because:
- First and foremost, he ignores the fact that all the crimes he mentioned can all be made using paper money. Criminals still use cash to drug trafficking, money laundering and tax evasion until they are discovered by the bank. The crime of using a technology does not mean that the technology becomes a bad thing. Because of that, Bill Gates's company is bad because criminals can use Windows to commit their crimes. Obviously, such an allegation is completely unreasonable.
- Next, it can be argued that the allegations of tax evasion and the death of electronic money are very contradictory. Not because the tax system that the United States can fund the Syrian bombing, which has killed more than 10,000 people this year? Of course, tax collection is aimed at good intentions, just as electronic money brings benefits to society. Gates has overlooked the cutting-edge features of a fast, cost-effective, cross-border payment method, such as electronic money - which the global banking system has, despite efforts, has not yet done. OK. Yet, Gates again voiced criticism over e-money instead of those weak financial institutions.
- Therefore, it is difficult to accept when all the crimes are poured into electronic money.

Bitcoin is more on investing so we can lose a lot of money here by doing that so that's why people don't like this like the rich person Bill Gates

Either we have future or we don't have future here crypto run like no assurance so this is so risky that's idea is bad for other people

In my opinion we can take some risk so in crypto that's only the worth and that's also the negative so invest the affordable that's all we can think in risky things like here in crypto

Thank you for your question, I got new knowledge and I think Bill Gate dont understand block chaining, new technology.

Bill Gates is not against Bitcoin or Cryptocurrency! He's just against the idea of buying them at the current price which is quite high. Being a tycoon and a foundation in the business world, he is smart to know that whatever he says will certainly make an impact. So if he says something negative about Bitcoin or any other crypto, it will surely have an effect on the value of these currencies. Therefore a price decrease may happen. And when this takes effect, I'm pretty sure Bill Gates will purchase tons of Bitcoins at a lower price. FUD's and fake news are just strategies. Something that we should know by now.

That would be great news for people around the world, because I think Bill gates a very influential person about the business of Bill gates against bitcoin.

Bill Gate or most of rich man don't invest in bitcoin or cryptocurrencies because bitcoin and others cryptos are volatile and risks to invest. Moon and dumping are always volatile, so they can't to invest.

Bill Gate opposed or not opposed to me personally will not bring any change. Bill Gate's a rich man a person like them has no interest in the world of cryptocurrency at all in fact he will be closer to the FUD than the user crypto. So far, people who hate bitcoin mostly come from Non Users for example Bill Gate, not from users themselves.

From his comments, he made a statement, he said "you're not producing anything and so you shouldn't expect it to go up" what do you expect from a wealthy man that has lived his whole life believing that for one to have money you have to produce something in a centralized way. For the fact that he is one of the richest man in the world doesn't mean you should take his word for it. He is speaking from what he knows. And it's quite clear that he doesn't know much about the decentralized world base on his comment that he also said if he could short it, he would..

He is just annoyed that he can't spend a billion dollars to buy it out and take ownership of it. Bitcoin is decentralised so all authoritarians will hate it, and Bill Gates already missed the boat so he's trying to fud it back down again

There were times when Bill gates and many other influential personalities and business tycoons have rated bitcoin revolutionary and they made lots of profit from that.Earlier bitcoin was not as popular as it is now and was not a threat to the global currencies.There governments were also not against bitcoin so it was all good for these personalities to invest in it and make some money.Now that there is war between most nation governments and cryptoworld,these people has show support to the there government for the business which completely understandable and that could be the reason for bill gates action.

Let Mr Gates invest in whatever company he likes and that will not be breaking any rules if he decides to skip Cryptos. After all I have not heard that he has investment in the porn industry.

People like Bill Gate advising to investors to avoid invest in bitcoin because may be it is very risky and bitcoin is very violate coin and no other coin and shares markets not compare with bitcoin, Bitcoin is first digital currency and its journey only started, may be in couple of years bitcoin will change a lot and big investors will involved in invest in bitcoin and crypto currency, any way the current situation most of people to avoid to invest in bitcoin but this will change soon

The easy answer to Bill Gates is, because you are not able to make digital economic innovations like bitcoin. The crypto market could be evidence that bitcoin can exist today, and my hope will continue to exist.