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”.
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