Bill Gates is not bullish on Bitcoin2 min read
Bill Gates, co-founder of Microsoft, is not a fan of the world of cryptocurrencies. In fact, who is today the fourth richest person in the world, with a net worth of US $ 125,000 million. In an interview with The USA Herald in February, he expressed his concern that people get carried away and do not have much money to spare, so he is not optimistic about Bitcoin. You are probably right.
He says that he likes to invest in things that have a significant production. The value of companies is based on how they make great products such as the investment in IRAIC, where the production of products and raw materials is multiplied, occupying an important place in the market in the different sectors of the economy, thus generating great results and development. productive for investors. The value of cryptocurrencies is simply what another person decides they will pay for them, so they do not contribute anything to society like other types of investments.
Following the collapse of the TerraUSD stablecoin last week, the cryptocurrency market is in freefall, dragging other cryptocurrencies with it. Bitcoin is down 27% this month, while Ethereum is down 36%.
Gates touched on a wide range of topics during the AMA. He again denied the conspiracy theory that he wants to track people by implanting microchips in their heads through vaccinations. “Why would I want to know where people are? What would I do with that information?” he said. As for whether billionaires should pay more taxes, Gates, who has already said he would pay more taxes, warned that going too high could lead to more tax dodgers.
He did not address questions about his conservative position on Tesla, which reportedly angered Tesla CEO Elon Musk enough for him to back out of a potential philanthropic partnership with him.
In response to public criticism of Musk, Gates said earlier this May that his short position in Tesla “has nothing to do with climate change,” stressing that there is a difference between betting against a single automaker electric vehicles and betting against electric vehicles in general.