Bill gates says cryptocurrency is bad

[ZBBBB]

it is impossible not to listen to the opinion of such an experienced person.he is absolutely right in some part of this statement but in my opinion still the government is powerful and they can quickly solve the problem

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[Krabat]

It seems to me that Bill Gates says stupid things. Cryptocurrency is just such a new thing, it's a new tool. With this tool you can do many good things.

[South Park]

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.

Every person has his own opinion. Bill Gates is a rich and famous billionaire, but i can not according opinion to Bill Gates

It is obvious why rich people all over the world are now denouncing bitcoin, bitcoin is a threat, it seems they thought bitcoin was just a fad but now they're seeing that bitcoin has real traction this means that if bitcoin took over the economy of the world they will be the greatest losers, a poor person doesn't have anything to lose and the same is true for someone of the middle class but the rich, the ones at the top they do not want anything to change.

[Jeronimo78]

Bill is a wise guy, more importantly he`s a very rich guy. I think we should listen closely to his advice and opinion. As for me, I feel the same way, the biggest problem is that crypto is not regulated by someone

[muhdatha]

Bill is a wise guy, more importantly he`s a very rich guy. I think we should listen closely to his advice and opinion. As for me, I feel the same way, the biggest problem is that crypto is not regulated by someone

In this case what is the difference between crypto and other electronic money?
If someone will be regulate crypto why we should invest in this NON-decentralized currency. What is the reason?

[onnz423]

The fact that he says the best thing about cryptocurrencies is their anonymity shows just how ignorant he is on the subject.

Obviously the best features of modern cryptocurrencies is the low fee, near instantaneous transactions, whilst smart contracts open up a whole new industry of digital potential. Mined cryptocurrency might be a bad thing however, unless we can find a way to reduce the energy burden.

[Grifosha]

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.

When he was presented his first computer, he was also told that this has no future. Maybe he's taking revenge

[timmeyh]

Bill Gates is a smart individual and I think the problems that he brought up is super relative to our todays situation with crypto. I have always said that there are 2 big problems with crypto:
1) no authority and
2) hackers.     
So everything else comes from that.

[susutao81]

I wonder then why bitcoin payment integrated for Microsoft product purchase . And also why they backed by ethereum it’s realy not a genuine link it’s just rumour.

[tranquochoan169a]

Well, one thing for sure, cryptocurrency still have lots of potential for growth, and while the current state already benefits small community, later on with improvements, cryptocurrency will play an important role in most of people.

[chikucrypto]

Well i am quit sure that crypto market has a great future and it has great potential. and this market is going threw corrections and improvements. and you can see the growth of bitcoin and ethereum .on the other hand bill gates is saying cryptocurrency is bad , it can his personal review. why he is saying i can't say any thing.

[bitkanu]

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.

He's absolutely right about that. Indeed until the government learn how to track them in the mercenary purposes to use it are rare.

Ugh, maybe government need to learn how to track a traditional paper money that's transacted across to globe for criminal purpose such as drugs dealing, criminalities, and many bad things instead of learning to track crypto because I tell you the truth, paper money is what most used for criminal activities, bitcoin? only a really small percentage of it.

[Yagami nunnery]

Maybe there is a big flaw in the cryptocurrency itself, but I think it will slowly improve and I hope that cryptocurrency will grow stronger and stronger.

[VenturaBro]

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.

He's absolutely right about that. Indeed until the government learn how to track them in the mercenary purposes to use it are rare.

Ugh, maybe government need to learn how to track a traditional paper money that's transacted across to globe for criminal purpose such as drugs dealing, criminalities, and many bad things instead of learning to track crypto because I tell you the truth, paper money is what most used for criminal activities, bitcoin? only a really small percentage of it.

Criminals also use Windows OS to buy and sell drugs and commit crimes. Really faulty logic by Gates here. :/

[Manc89]

Why does it matters so much what he thinks? Hes just a guy who is regretting not getting in early into bitcoin despite knowing about it. And now just trying to release his anger by talking shit about bitcoin. Also since he doesn't has any stake in the crypto world he is disappointed.

Cryptocurrency is the best thing that has happened to mankind recently. It's the technology of that time. It's the world's smart economy. The advantages of cryptocurrency are extraordinary, and Bill Gates has a legitimate right to express his opinion on Cryptocurrency. With a new crypto economy in which more billionaires are made every day.

He is free to say everythin they want to anything but other also has their own opinion so we are free to describe it.
Cyptocurrency is the best technology so far where it can be made to solve many porblem which is happen in the real world.

[STIKS1911]

Perhaps in some ways Bill Gates is right,but most of us are engaged in cryptocurrency,because it can make a profit.And for me this is the main fact,I can make a profit without breaking the law.Therefore, I believe that the cryptocurrency is good for me and other people.

[UAE Seasider]

Bill Gates is a wrinkled old prune these days, he had his multiple decades in the spotlight from 1980 through 2000s and was a huge authority on computer software, but I have no interest in what he has to say these days especially on the topics of finance and investment.

[chokomenia]

  what did you expect him to say? to say cryptocurrency is good so that he would lose his business ? they all know how good cryptos is right now and they know it will destroy their business so the only option they have is to attack it while looking for ways and alternative to join the space. Just watch out in the future he will join the space with his new products

[ICO Lancer]

Bill Gates is a wrinkled old prune these days, he had his multiple decades in the spotlight from 1980 through 2000s and was a huge authority on computer software, but I have no interest in what he has to say these days especially on the topics of finance and investment.

Definitely seems like he has fallen behind the times. Unfortunate but what can you do, I wasn't expecting this from him lol

[Tosyn2]

Bill gates is entitled to his own opinion that is how bill gates thinks of crypto he isn't not a believer doesn't mean it is bad institutional investors will join as soon as crypto space is regulated and safe to invest.