Bill gates says cryptocurrency is bad

[yinhu]

His success is very long and advanced with the foundation of physical technology, so it is easy to understand the conflict on the analysis of virtual currency.

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[ronics]

like Bill Gates is the first bit out of the touch of use with lots of coins and tokens. In the first case he was right that there was not much mind to use in these moments except in the hope of raising a price. But all of us are quick to wait at the time that tokens will be going to play the role of playing a role in most people and in our lives and we will see the growth of acceptance.

[lesnik_utsa]

Yes - of course, many anonymous coins exist today, but there are also many open coins that find support at the state level, so I do not see anything wrong with such a development of the market. Here it will be like in the animal kingdom, natural selection. In general, I want to draw attention not to the anonymity of coins, but to the very technology of decentralization, which many companies and world-famous corporations have already adopted. Decentralization is the future, and what coins will remain is another matter

[Ociwiw]

He is wrong in creating transparency crypts.  The authorities do not want to undertake officially for the crypto currency because it does not add to the budget.

[Candice]

In general, the advantages of encrypting money are greater than the disadvantages. Although it has been denied by many people. But more people choose support.

[troBelx]

If only look from the bad side, but we also have to consider the positive side of crypto. There are many advantages that I feel, making money abroad using crypto and crypto has reduced a lot of unemployment in my country. Pros and cons are always happening and the difference is fair, but he is not wrong about a risky market even Vitalics says that the crypto market can be close to zero anytime. Only time will replace who is right and wrong.

[sykhang079]

I respect his opinion but I do not think so. There are many who are being led to such statements, although no one knows for sure whether the person actually said these words.

[clonely]

On the one hand, crypto money is bad. On the other hand, partnership news is coming out every day about the market. I think Bill Gates wants the prices to stay below until he make an investment.

[@Nice_Try]

I do not know why you are waiting for flattering reviews from such influential people. Imagine where there will be a course of cryptocurrency if the leaders of opinions of this magnitude will praise crypto. I think they are developing this direction for a long time

[zubrr51]

Bill Gates refers to the classic type of investors who are accustomed to the futility of the market. Of course, cryptocurrency for him is very risky.

[hownowbrowncow]

Bill Gates is dumb. Bitcoin BTC is more easily traceable in the long run than other forms of illicit payment ie fiat, gold, diamonds, etc.

[huyenphung8698]

I guess Bill Gates probably owns a lot of Bitcoins, but you don't know it.
He said that this is just not willing to acknowledge the value of Bitcoin, but it does not mean that he will not invest in Bitcoin.

[sunshinee0900]

It is a 2-way thing. If cryptocurrency is regulated, it loses its unique status of anonymity which makes it so special. But the acceptance will be huge and its potentials would soar high. Gates is right in a way but he's not talking about it from a positive light.

[vhoang142]

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.

[phas129nnn]

Last time I have checked , there was an on going project at microsoft based on blockchain called Azzure if I remember well. What happend with that project ? Also there were many project involved into this mixing of projects into one.

[anthreelis]

I think he is wrong,cryptocurrencies are very good and lots of people in the world have already realized this.This is a pretty quick way to become rich.Just buy some crypto and hold it for a year or two.That's it.

[cryptomadu]

That is his personal opinion. Anyone can tell anything. I remember what people said when the internet introduced. But you know what has happened now. Just do your usual works.

[Siminarota]

If you have the knowledge and the patience, you will be more successful with them and you will see the benefits that crypto gives you.

[tonyja2017]

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 is quite right. Because Bitcoin will make tax evasion and money laundering easier and will never be detected. Although Blockchain technology brings many benefits to banks, it also brings many negative aspects.
Anyway, I still believe in a good future for Cryptocurrency.

[erikoy]

Yeah if you look at the bad side of cryptocurrency you can say that it is bad but if you are going to look on the good side this could also be good. Imagine that if it is really that bad then how come that there are many investors out there who are doing fine and having some good time in cryptocurrency? If cryptocurrency is not good then possibly no one will cares about it even the high rank officials in the government and individuals with high influence to others.