Bill Gates explained the lack of cryptocurrencies in his investment portfolio


Microsoft founder Bill Gates said in an AMA session on Reddit that he doesn’t own any cryptocurrency.

“I like to invest in things that have value. The value of companies is that they make great products,” Gates explained.

According to him, digital assets do not fall into this category.

“The value of cryptocurrencies depends on the person deciding that someone else is willing to pay for it,” the billionaire noted.

Gates added that these assets do not benefit society.

I’m Bill Gates, co-chair of the Bill and Melinda Gates Foundation and author of “How to Prevent the Next Pandemic”. Ask me anything. of the IAmA

In February 2021, the founder of Microsoft urged potential investors not to follow the example of Tesla, which invested $1.5 billion in bitcoin. According to him, owners of less capital than Elon Musk “should be more careful”.

Recall that in March 2021, Gates considered Bitcoin a problem for the global climate.

Former US Federal Reserve Chairman Ben Bernanke has questioned the prospects of digital gold as an alternative to fiat. According to him, bitcoin is attractive “as a speculative asset”.

Natasha Kumar

About the author of the article

Natasha Kumar

Natasha Kumar has been a reporter at the news desk since 2018. Prior to that, she wrote about early adolescence and family dynamics for Styles and was a legal affairs correspondent for the Metro bureau. Prior to joining The Times Hub, Natasha Kumar worked as an editor at the Village Voice and as a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch contact me via my [email protected]

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