Bill Gates, the founder of Microsoft, is no longer a Bitcoin bear. He is currently taking a neutral position on Bitcoin as an investment. But as an innovation, he says, cryptocurrencies will enable certain criminal activities, so it would be better without the world.
Bill Gates changes his mind about Bitcoin
Bill Gates talked about Bitcoin and cryptocurrencies in two separate interviews on Thursday. One was CNBC, who was asked what he thought of Bitcoin “in the context of climate change, seeing how Bitcoin consumes huge amounts of energy in digital mining.” Gates simply replied:
I don’t own Bitcoin. I’m not a short bitcoin. So I took a neutral view.
“Bitcoin can go up and down based on enthusiasts and views, and there is no way to predict how it will progress,” Gates continued.
The founder of Microsoft adds: But there you have a complete picture of who is doing what so that you can cancel the transaction. It’s not about tax avoidance or illegal activity. “
Gates was not a fan of Bitcoin. In an interview with CNBC in 2018, he, Berkshire Hathaway CEO Warren Buffett, and Vice Chairman Charlie Munger said Bitcoin was worthless.
“As an asset class, you shouldn’t expect it to go up because you’re not producing anything. It’s a kind of pure” idiot theory “type of investment,” Gates said. “If there’s an easy way, I’ll short it.” That day, BTC was trading for about $ 9,300. Since then, the price of cryptocurrencies has risen almost 511% to $ 56,805 at the time of writing.
Bill Gates believes the world will be better without cryptocurrency innovation
Another interview published Thursday when Gates talked about cryptocurrencies was The Wall Street Journal. Answer the question, “What is one innovation that would make the world better without it?” He said:
Today’s cryptocurrency scheme enables certain criminal acts. It’s good to get rid of it.
However, Gates immediately added: That’s really bad. You don’t need the technology to do that. “
According to Forbes’ real-time list of millionaires, Gates ranks fourth with a net worth of $ 124 billion. The first on the list is Jeff Bezos, Amazon CEO with a net worth of $ 189 billion, followed by Tesla and Spacex CEO Elon Musk with a net worth of $ 182 billion, and Bernard Arnault with a net worth of $ 159 billion.
Meanwhile, Microsoft has patented a “cryptocurrency system that uses physical activity data.” This crypto mining system leverages human activities such as brain waves and body temperature when performing online tasks such as search engines, chatbot use, and ad reading.
What do you think of Bill Gates’ remarks about Bitcoin and cryptocurrencies? Please let us know in the comments section below.
Image Credits: Shutterstock, Agilent, Wiki Commons
Disclaimer: This article is for informational purposes only. This is not a direct offer or solicitation for a buy or sell offer, or a product, service, or company recommendation or approval. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author, directly or indirectly, for any damage or loss caused or alleged to have been caused or caused in connection with or in connection with the use or trust of the content, goods or services described in this article. We are not responsible for it.
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
to request, modification Contact us at Here or [email protected]