Sunday, March 7, 2021
Only Bitcoin Market News
Advertisement
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
Only Bitcoin Market News
No Result
View All Result

Bill Gates Neutral on Bitcoin but Says Cryptocurrency Is an Innovation the World Can

2 weeks ago
in Bitcoin
3 min read
Bill Gates Neutral on Bitcoin but Says Cryptocurrency Is an Innovation the World Can
Share on FacebookShare on Twitter


Microsoft founder Bill Gates is no longer a bitcoin bear. He has now taken a neutral stance on bitcoin as an investment. However, as an innovation, he says that cryptocurrency is one that the world would be better off without because it allows for certain criminal activities.

Bill Gates Changes His Mind About Bitcoin

Bill Gates spoke about bitcoin and cryptocurrency in two separate interviews Thursday. One was with CNBC where he was asked what he thinks about bitcoin “in the context of climate change seeing how bitcoin takes an enormous amount of energy to digitally mine.” Gates simply replied:

I don’t own bitcoin. I’m not short bitcoin. So, I’ve taken a neutral view.

“Bitcoin can go up and down just based on the mania or whatever the views are, and I don’t have a way of predicting how that will progress,” Gates continued.

The Microsoft founder added: “I do think moving money into a more digital form and getting transaction costs down, that’s something the Gates Foundation does in developing countries. But there, we do it so you can reverse the transactions so we have total visibility of who’s doing what. It’s not about tax avoidance or illegal activities.”

Gates has been no fan of bitcoin. In an interview with CNBC in 2018, he, Berkshire Hathaway CEO Warren Buffett, and vice chairman Charlie Munger talked about bitcoin being worthless.

“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,” Gates remarked. “I would short it if there was an easy way to do it.” BTC was trading at around $9,300 on that day. Since then, the price of the cryptocurrency has risen almost 511% to $56,805 at the time of writing.

Bill Gates Thinks the World Is Better Off Without Cryptocurrency Innovation

Another interview published Thursday where Gates talked about cryptocurrency was with The Wall Street Journal. Responding to the question, “What’s the one tech innovation the world would be better off without?” he said:

The way cryptocurrency works today allows for certain criminal activities. It’d be good to get rid of that.

However, Gates quickly added, “I probably should have said bioweapons. That’s a really bad thing. We shouldn’t have technology for that.”

According to Forbes’ real-time list of billionaires, Gates ranks fourth with a net worth of $124 billion. The first on the list is Amazon CEO Jeff Bezos with $189 billion in net worth, followed by Tesla and Spacex CEO Elon Musk with $182 billion, and then Bernard Arnault with $159 billion.

Meanwhile, Microsoft has been granted a patent for a “cryptocurrency system using body activity data.” This crypto-mining system leverages human activities, including brain waves and body heat, when performing online tasks such as using search engines, chatbots, and reading…



Read more:Bill Gates Neutral on Bitcoin but Says Cryptocurrency Is an Innovation the World Can

Related articles

JPMorgan Sends Its Private Clients a Primer on Crypto

JPMorgan Sends Its Private Clients a Primer on Crypto

March 7, 2021
Valuing Companies Post-Hyperbitcoinization

Valuing Companies Post-Hyperbitcoinization

March 6, 2021
Tags: BillBitcoinbitcoin news todayCryptocurrencyGatesInnovationNeutralWorld

Related Posts

JPMorgan Sends Its Private Clients a Primer on Crypto

JPMorgan Sends Its Private Clients a Primer on Crypto

by Bitcoin Market
March 7, 2021
0

TipRanksThe Bottom Is in for These 3 Stocks? Analysts Say ‘Buy’Never say that one person makes no difference. This...

Valuing Companies Post-Hyperbitcoinization

Valuing Companies Post-Hyperbitcoinization

by Bitcoin Market
March 6, 2021
0

Bitcoin will fundamentally change the way that investors value companies.Upgrading monetary technologies is a radical paradigm shift that will...

Market Wrap: Bitcoin Stuck Below $50K, and Blockchain Data May Show Why – CoinDesk

Market Wrap: Bitcoin Stuck Below $50K, and Blockchain Data May Show Why – CoinDesk

by Bitcoin Market
March 6, 2021
0

Bitcoin ended the first week of March with little fanfare as the market reset after the prior week’s 21%...

Mark Cuban Argues Bitcoin Is Better Than Gold, Telling Peter Schiff ‘Gold Is Dead,

Mark Cuban Argues Bitcoin Is Better Than Gold, Telling Peter Schiff ‘Gold Is Dead,

by Bitcoin Market
March 5, 2021
0

Billionaire investor and Shark Tank star Mark Cuban, once a bitcoin skeptic who preferred bananas to the cryptocurrency, now...

American Green, Inc.(TM) (ERBB) Is Now Accepting Bitcoin and Other Popular

American Green, Inc.(TM) (ERBB) Is Now Accepting Bitcoin and Other Popular

by Bitcoin Market
March 4, 2021
0

Phoenix, Arizona--(Newsfile Corp. - March 4, 2021) - Today, American Green, Inc. (OTC Pink: ERBB) announced that the company's...

Load More

Trend Now

  • Trending
  • Comments
  • Latest
Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

June 8, 2020
Argo Blockchain boosts mining margins in July

Argo Blockchain boosts mining margins in July

August 5, 2020
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

May 19, 2020
5 Cryptocurrency Staking Providers – A Review | Hacker Noon

5 Cryptocurrency Staking Providers – A Review | Hacker Noon

January 30, 2021
North America’s first bitcoin ETF launches in Canada today

North America’s first bitcoin ETF launches in Canada today

February 18, 2021
Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

February 18, 2021
Beginner’s guide to Altcoin cryptocurrencies: Risk, rewards & top 5 Altcoins by

Beginner’s guide to Altcoin cryptocurrencies: Risk, rewards & top 5 Altcoins by

0
Bitcoin daily chart alert – Bullish chart pattern develops – May 19

Bitcoin daily chart alert – Bullish chart pattern develops – May 19

0
Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

0
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

0
Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

0
Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

0
Beginner’s guide to Altcoin cryptocurrencies: Risk, rewards & top 5 Altcoins by

Beginner’s guide to Altcoin cryptocurrencies: Risk, rewards & top 5 Altcoins by

March 7, 2021
Bitcoin rises 4.2% to $50,947.94

Bitcoin rises 4.2% to $50,947.94

March 7, 2021
Suze Orman: Why ‘I love bitcoin’

Suze Orman: Why ‘I love bitcoin’

March 7, 2021
India May Allow Experiments In Crypto Instead Of Ban, Says FM Sitharaman

India May Allow Experiments In Crypto Instead Of Ban, Says FM Sitharaman

March 7, 2021
JPMorgan Sends Its Private Clients a Primer on Crypto

JPMorgan Sends Its Private Clients a Primer on Crypto

March 7, 2021
Contango And Over Collateralization

Contango And Over Collateralization

March 7, 2021
  • Contact Us
  • Terms of Use
  • Cookie Privacy Policy
  • Privacy Policy
  • DMCA

© 2020 MarketForBitcoin.com

No Result
View All Result
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos

© 2020 MarketForBitcoin.com

  • bitcoinBitcoin(BTC)$50,831.006.74%
  • bitcoin-cashBitcoin Cash(BCH)$512.214.52%
  • binance-coinBinance Coin(BNB)$241.147.71%
  • bitcoin-goldBitcoin Gold(BTG)$29.476.87%
  • bitcoin-privateBitcoin Private(BTCP)$0.34510.24%
  • blocktixBlocktix(TIX)$0.0140.00%