Most of the time, these people don't like bitcoin because it's unstable.
However, bitcoin and blockchain are inseparable, which is the most important point.
Topic: Why is Bill Gate against investing into bitcoin? - page 16. (Read 3175 times)
who must be bill gates is a bitcoin haters, he even said that bitcoin can kill people, indeed he is a billionaire but should not say like that
Bill Gates said that is not without reason, there is a good reason too.
In an interview, Bill Gates said that the anonymous nature of blockchain technology as a basis of cryptocurrency could have a very bad impact.
"The main feature of cryptocurrency is its anonymity, which I think is not a good thing because it can provoke more crime, terrorism, and tax breakers," he said.
In addition, the utilization can also give a very horrible effect for users, one of which is losing his own life.
"Currently, cryptocurrency is used to buy fentanyl (a type of pain relievers) and other drugs, so it can be said this technology can cause death indirectly," he said.
In an interview, Bill Gates said that the anonymous nature of blockchain technology as a basis of cryptocurrency could have a very bad impact.
"The main feature of cryptocurrency is its anonymity, which I think is not a good thing because it can provoke more crime, terrorism, and tax breakers," he said.
In addition, the utilization can also give a very horrible effect for users, one of which is losing his own life.
"Currently, cryptocurrency is used to buy fentanyl (a type of pain relievers) and other drugs, so it can be said this technology can cause death indirectly," he said.
People like Gates also have so much skin in the game with Fiat that its a big leap for them to get on board with BTC.
There is no shortage of believers in Bitcoin and its underlying blockchain technology, but when it comes to investing in the cryptocurrency, billionaires Bill Gates think it's a bad idea. Crazy, even.
Bill Gate may not understand the real block chaining technology. Their knowledge of bitcoin is only in some social media propaganda. It is understandable that people who have large fortune usually hate risk.
Most rich people like Bill Gates and Warren Buffet are against investing in bitcoin or cryptocurrencies in general because of the huge risks due to heavy volatility. I'm very bullish on bitcoin and cryptocurrencies, but it's indeed a huge gamble. "Moon" and "lambo" gains aren't guaranteed. We're just pretty much speculating and hoping that it would indeed rise to very high prices.
I recently read through the comments made by Bill Gate on bitcoin and other related cryptocurrencies (https://www.google.com.gh/amp/s/www.cnet.com/google-amp/news/microsoft-founder-bill-gates-would-bet-against-bitcoin/). From the comments he made, it is obvious that, Bill Gate is against investing into cryptocurrency. Critically appraising and analyzing how helpful bitcoin and other cryptocurrency are and base on the comments Bill Gate made, I don't see the reason why he is against cryptocurrency. Probably he might be having his own reasons of which I am not aware of. Can someone help as to why Bill Gate spoke against bitcoin and other cryptocurrencies?
Jump to: