Bill gates says cryptocurrency is bad

[DZU1410]

In his own reddit AskMeEverything page, https://www.reddit.com/r/IAmA/comments/80ow6w/im_bill_gates_cochair_of_the_bill_melinda_gates/

He answers about cryptocurrency stating
“The main feature of crypto currencies is their anonymity. I don't think this is a good thing. The Government’s ability to find money laundering and tax evasion and terrorist funding is a good thing. Right now crypto currencies are used for buying fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way. I think the speculative wave around ICOs and crypto currencies is super risky for those who go long.”

He isn't wrong in his sense, if the cryptocurrency is to have a future, they should be able to create an environment of trust between themselves and the authorities.

In my opinion, Bill gates is very right when he says that taxes should fill the coffers of the state and all other illegal operations also must prisekat government. This is why it is necessary to create certain conditions for interaction between the state and the cryptocurrency.

[1714229865]

1714229865

[JefLiber]

In his own reddit AskMeEverything page, https://www.reddit.com/r/IAmA/comments/80ow6w/im_bill_gates_cochair_of_the_bill_melinda_gates/

He answers about cryptocurrency stating
“The main feature of crypto currencies is their anonymity. I don't think this is a good thing. The Government’s ability to find money laundering and tax evasion and terrorist funding is a good thing. Right now crypto currencies are used for buying fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way. I think the speculative wave around ICOs and crypto currencies is super risky for those who go long.”

He isn't wrong in his sense, if the cryptocurrency is to have a future, they should be able to create an environment of trust between themselves and the authorities.

In my opinion, Bill gates is very right when he says that taxes should fill the coffers of the state and all other illegal operations also must prisekat government. This is why it is necessary to create certain conditions for interaction between the state and the cryptocurrency.

Cryptocurrency prevents the state that it is so illegal? Simply someone pisses me off itself thought, that people can so easily earn money and not with whom not share

[Ucy]

He may be right but he dwells on the negative side of Cryptocurrency and not on the good side he fails to see why it was invented and the many things it solved for the humanity as an entrepreneur and a technologist he should support cryptocurrency and not the other way around.

Or he probably understood its true potential?. Bill gates used to be pro Bitcoin.  There is a video about him praising Bitcoin on YouTube. The Video may have been deleted though because I havent seen it trend since 2017, 2018 till now. It is hard  to understand what went wrong. It is a strange world we live in.

[the rise]

Or he probably understood its true potential?. Bill gates used to be pro Bitcoin.  There is a video about him praising Bitcoin on YouTube. The Video may have been deleted though because I havent seen it trend since 2017, 2018 till now. It is hard  to understand what went wrong. It is a strange world we live in.

Many great figures always make confusing statements for a moment they give a positive statement but a few moments later they give the opposite statement, indeed we are sometimes confused with their thoughts if the provisions have never been consistent or indeed we must interpret further so that we understand better these words.

[@baoli]

The complexity of cryptocurrency is confusing to many. Despite use cases and usability of cryptocurrency soany ate still skeptical of understanding it. Bill gates is still not too clear with understanding it. Anonymity is truly what it should be but so many use it for negative purpose. What so ever cryptocurrency has come to stay we just have to adjust to it.

[efxtrader]

In his own reddit AskMeEverything page, https://www.reddit.com/r/IAmA/comments/80ow6w/im_bill_gates_cochair_of_the_bill_melinda_gates/

He answers about cryptocurrency stating
“The main feature of crypto currencies is their anonymity. I don't think this is a good thing. The Government’s ability to find money laundering and tax evasion and terrorist funding is a good thing. Right now crypto currencies are used for buying fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way. I think the speculative wave around ICOs and crypto currencies is super risky for those who go long.”

He isn't wrong in his sense, if the cryptocurrency is to have a future, they should be able to create an environment of trust between themselves and the authorities.

The same way Bill Gates condemned cryptocurrency is the same way Mark Zuckerberg once did. Now, Zuckerberg and Facebook wants to launch their crypto, Bill Gates might as well make a u-turn. He may even have his own crypto already through proxies.

Microsoft have a lot partnership with blockchain project and i am believe microsoft take advantages from this partnership. Bill Gate working in computer science and i think he should agree with cryptocurrency

[princeyeboah]

Bill Gates hate crypto but this should not be a subject to brood on everyday because there are lots of work be done by crypto enthusiasts here. We must remain focused towards the achievement of the goals of the Blockchain technology and cryptocurrency which is to enhance payment methods. Creating awareness and integrating Cryptocurrency into the payment systems of our own businesses will eventually increase the adoption of cryptocurrency.

[CapnBDL]

Why listen to someone. There are always different opinions and even top leaders of large firms and top analysts of financial markets were wrong more than once. Therefore, I think you need to listen to yourself, look at Roger Ver, he listened to himself and believed in what he does. And who is he now? Billionaire!

[jumiapaul]

We all have our divergent opinion about virtually everything, Bill Gates opinion about cryptocurrency is his view and he's entitled to his opinion, which doesn't justify or relegates cryptocurrency. Though he's a billionaire and understands the intricacies of investment, I still believe he's opinion doesn't determine the stratosphere of cryptocurrency.

[PuertoLibre]

We all have our divergent opinion about virtually everything, Bill Gates opinion about cryptocurrency is his view and he's entitled to his opinion, which doesn't justify or relegates cryptocurrency. Though he's a billionaire and understands the intricacies of investment, I still believe he's opinion doesn't determine the stratosphere of cryptocurrency.

Depending on the status of a person every single word out of his mouth can be a reason for daily volatility. Cryptocurrencies are very responsive to news and this type of announcements can cause a trend reversal.

[Remainder]

We all have our divergent opinion about virtually everything, Bill Gates opinion about cryptocurrency is his view and he's entitled to his opinion, which doesn't justify or relegates cryptocurrency. Though he's a billionaire and understands the intricacies of investment, I still believe he's opinion doesn't determine the stratosphere of cryptocurrency.

Depending on the status of a person every single word out of his mouth can be a reason for daily volatility. Cryptocurrencies are very responsive to news and this type of announcements can cause a trend reversal.

This is bad news, it would not result to a trend reversal, instead it will make the price worst.
But good thing it does not happen, if it's in the early stage, people would panic but people are smarter now.

You still remember John McAfee, he used to recommend coins and coins will pump, later we found out that he is just paid to do it.
It's not gonna happen now, bad or good, people will carefully evaluate it.

[babicena14]

I want to disagree with Bill Gates. According to him, there is an impression that around the crypto currency there are only criminals who do evil and launder money. But this is not so for many cryptocurrencies provide an opportunity to earn or save their savings, in addition, there are a huge number of investors and traders who earn honestly and help the development of promising startups that make our lives better.

[senin]

In his own reddit AskMeEverything page, https://www.reddit.com/r/IAmA/comments/80ow6w/im_bill_gates_cochair_of_the_bill_melinda_gates/

He answers about cryptocurrency stating
“The main feature of crypto currencies is their anonymity. I don't think this is a good thing. The Government’s ability to find money laundering and tax evasion and terrorist funding is a good thing. Right now crypto currencies are used for buying fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way. I think the speculative wave around ICOs and crypto currencies is super risky for those who go long.”

He isn't wrong in his sense, if the cryptocurrency is to have a future, they should be able to create an environment of trust between themselves and the authorities.

Bill Gates speaks badly about cryptocurrency, arguing that the anonymity in it is bad. In our age of universal control of the government over a person, anonymity, even in this, and the anonymity is far from complete, is very good. Technologies, as a rule, presenting us with certain amenities, deprive us of our right to privacy. This is especially true of mobile phones, thanks to which our life has become in full view of the relevant services, which can see where we are, what we say, and so on. Cryptocurrency gives at least some financial freedom, which over time will still be cut.

[Cat Coin]

Bill Gates expressed his opinion and raised a wave of emotions. We are at a new stage in the development of Finance. And many rich people are afraid of it. Most of the capital will be blown away, because the amount of real money is much less than expected. In the crypt, you can transfer real money, loans will be issued only with real money. So you can guess why now such a situation...

[Teraboy]

Bill Gates expressed his opinion and raised a wave of emotions. We are at a new stage in the development of Finance. And many rich people are afraid of it. Most of the capital will be blown away, because the amount of real money is much less than expected. In the crypt, you can transfer real money, loans will be issued only with real money. So you can guess why now such a situation...

It will be more interesting to see gates was not trying to blame crypto. Remember what happen with jamie dimon and he was always blaming it and then JPmorgan interested to created its own crypto and that's a big shame. but we are talking about bill gate's statement ad it's not about the purpose of crypto.

[aliceHortrex]

Bill Gates expressed his opinion and raised a wave of emotions. We are at a new stage in the development of Finance. And many rich people are afraid of it. Most of the capital will be blown away, because the amount of real money is much less than expected. In the crypt, you can transfer real money, loans will be issued only with real money. So you can guess why now such a situation...

I think that his words are part of the manipulative game of influential people. We will continue to monitor developments.

[Msworld83]

He may be right cause we might be having or looking at same thing in different direction as politics is about critics , but in aspect of crypto being used as way to bye pass tax and support drugs dealing and no funds can't went to crypto without banks and if we talk about laundering then bank should be concern about .

[Mikell556]

Cash is also used to buy drugs, weapons and other illegal activities, but this does not mean that cash should be banned and they are not trusted because of this. At all times, criminals find loopholes in the current legislation in order to do dirty things.
Therefore, it is not necessary to think badly about cryptocurrency because of criminals.

[ariyzt]

actually that happend on cash or other currency too
every currency have their bad or negatif things
with this anonymity of course our privacy data is safe, the bad thing like u said there is transaction out of there using cryptocurrency as ilegal or other bad things

[imsotiredofmoviereboots]

He's just like Jamie Dimon and Mark Zuckerburg which are both skeptic about bitcoin and altcoins at first but eventually realize the true potential and use of it so they are now making their own coin. I will not be suprised if Bill gates will make their own coin that will be used for purchasing windows and xbox products.