Bill gates says cryptocurrency is bad

[hahahafr]

Don't trust the words of any business man people. They always seem to talk bad about an certain things which makes them money because they don't want you to compete with them. I am sure Bill gates have some cryptocurrencies that he is holding and i think the reason why he is saying it is quite risky to go into cryptocurrencies on a long term base is the high volatility of the crypto market.

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[LUCKMCFLY]

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.

It seems to me that Bill Gates should start believing that the achievements of other people he bought them to patent his brand, this is something that has no impact on the Crypto world, as he is not a Bitcoin investor, and I think he lacks much criterion, because although bitcoin and the altcoins do not have any support or liquidity, they present a high degree of market capitalization, also a high participation of the speculative market, where a lot of money is moved 24h, where companies, people are making transactions with bitcoins

It seems strange to me that a person who is a precursor of technology says something like that, maybe he has not been able to buy all the blockchain miners, and I think it will be impossible for him to have the blockchain control, so I think it's easiest for He is criticizing and making bad publicity, it is the weapon of people like him.

[valek.bruno]

His opinion is very important for all mankind, but for some reason today, many people did not listen to his opinion and did it right, because I don’t understand why I should leave my money in Fiat. This is clearly not the best solution.

[Novatech8]

Everyone has there own opinion about cryptocurrency in general, to me Bill Gates kinda view about crypto is not different  from JP Morgan of the past, my answer is not all coins should be plain we still need few anonymous coins in cryptocurrency  world, privacy matters

[babarian]

Bill Gates often changes his opinion on cryptocurrencies. Sometimes he praises cryptocurrencies and sometimes he criticizes them. I think Bill Gates has a bit of Bitcoins, but I don’t think that he expects Bitcoin to grow in price.

it seems right what you say, I also think that bill gates has some bitcoin and maybe he is also involved in trade or investment so he tries to influence the market to be able to change prices according to what he expected.

[prof7bit]

Everyone has there own opinion about cryptocurrency in general, to me Bill Gates kinda view about crypto is not different  from JP Morgan of the past, my answer is not all coins should be plain we still need few anonymous coins in cryptocurrency  world, privacy matters

It seems to me that this person is trying to manipulate public opinion. I advise you not to pay attention to the statement of public people from competing fields of activity.

[e@symode]

Despite the fact that this person is very popular, I think that here it will be necessary to talk about exactly what he is strong. Yes, today he created computers and gave us to use it, but he is wrong about cryptocurrencies.

[mtmitat]

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.

One day the future bill gates will even agree that this system is very good. Bill gates are old head but clever guy

[Dalmar]

Indeed there is a reason to talk like that and no one can prevent the market circumstances. Unfortunately, there are different people who came from various backgrounds and they are not familiar with the technology. Bill Gates is the exception but it doesn't mean he is right.

[Akoldi_ibk]

We have encountered powerful and influencer people in the world that have said similar things but later came to embrace the technology and cryptocurrency as a whole. Facebook once ban cryptocurrency activities on its platform, but it is now among the leading institutions exploring the technology. That is Mr. Gate opinion and I still respect him a lot. The opinion is bound to change anytime. Let's wait and see.

[Sartrute]

I m not so sure that he is is right, when saying that main point of crypto is it’s anonymity.
He is kind of guy who can think one way say another and do other. Maybe he is not interested in implementing crypto so fast

[Mrsparks]

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.

I think Bill Gates opinion are spot on and the need for regulation in crypto is pivotal.. I will also like to say his knowledge of cryptocurrencies must be quite limited for him to conclude anonymity is the central concept of crypto

[renault18turbo]

I noticed that every time some famous people say that a particular investment is bad, after some time the price goes up. Coincidence? I don't think so

[minersday]

Considering  the statement of Bill gates saying cryptocurrency is bad, I realized that people are just concerned about the negative aspect of how cryptocurrencies can be used forgetting that these kinda activities and actions of people already existed before Satoshi even thought of building the blockchain technology and Bitcoin. The world needs to focus of the positive aspects of cryptocurrencies and their platforms which are the solutions to gaps seen in the world we find ourselves in. 

[Sartrute]

It’s not only Bil Gates says , that crypto is bad , but also Warren Baffet, and other very important businessmen of 20th century. Maybe, this happens because they are not ready to accept this fast-changing technology, and they are also afraid to lose their leading positions in business .

[Just In Crypto]

Well, I believe what you are saying is wrong. Because same Bill Gates think that cryptos will help for those who live in poverty. LINK: https://www.youtube.com/watch?v=4Xb8CKc7qOo

[tunapa]

over the years these issues has been on and the government couldnt find a lasting solution to it. even though bill gates might be right but i do have a different opinion and i believe the blockchain technology will find a way to stop and put an end to this issues in the near future.

[shaheer001]

Every thing has positive and negative sides now it depends on its use how to use it, Crypto currencies may also changing lives and the crypto trading is the only fastest way to overcome the crises specially in poor countries so it is duty of govt to forcefully adopt the crypto currencies in well regulate manner to avoid money laundering etc.

[bendernine]

if bill gates says something like that, it is certain that the banknotes will be converted into my own agreement, because there will certainly be problems that will arise either from the side of things so we should be able to use crypto well and not damage its reputation.

[anthon.stephens]

Good or bad. But in the near future, Microsoft will launch its crypto currency.