Bill gates says cryptocurrency is bad

[Andrej Peiboski]

Bill Gates can be one of the richest men on the planet, but he also said a lot of nonsense.
I would not take him too seriously.

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[pisomiko]

I think Bill Gates has his own particular feeling and that is a decent conclusion he has. Cryptographic money has a major effect for the network, however that does not mean it's terrible for us either. We individuals definitely realize what is good and bad. It's dependent upon you in the event that you keep on living in the crypto world.

[dangbinhminh]

Everyone has their own opinion. But I think it's time to find a VAT system for the cryptocurrency and should be added a legal background. That is the best way except banning the crypto world. Because nowadays more peoples find money from crypto. If someone says its bad there are so many scammers, it's also not correct. The reason is everything has a probability.

[Anatolich]

This is one of the features of the cryptocurrency, its anonymity. I do not like when such topics are touched. If someone and puts up drugs, he will transfer money in any way, as before. The washing, yes, too, there are always outlets. It's a pity that such words can be hear from those people who really trust. Although he always spoke negatively about bitcoin, but this does not prevent anything.

[dzelenyanskiy]

Once upon a time people said that IBM and Microsoft are bad, but this did not stop these companies from developing successfully. So and in this situation. You can treat crypto currency badly, but this does not deprive it of attractiveness, value and prospects!  

[magicrypto]

Like 30 years ago most people was saying that the internet is bad idea, look at them now, maybe he just cannot accept crypto, he needs more time lol

[bayudndy]

Maybe crypto is bad to invest longterm because crypto is not stable, its a big risk to invest longterm here.

[slightmoon]

Maybe he is wants buy  making bottom for him. Even in the stock market many people used to say bad things for some company but they perform very well except like us who are from community trust this world nothing affect much.

[AK47-]

There are critics for everything. Ask Roger Ver, an early crypto investor, he won't stop praising cryptos. So, if someone criticizes something, just try to understand his point of view. If it aligns with yours, stop pursuing that particular thing. But if your thought process is different or you are having a profit of that thing, just don't care about opinions. I am sure market is stable enough that a line from Bill Gates not going to ruin the marketcap or something.

It is just his opinion.

[SamarasLoch]

Complete decentralisation is bitcoin's best feature and might be it's worst as well. It has enhanced money laundering, task evasion and others but it has also enhanced fast, cheap and easy transactions. Maybe He has a reason for saying bitcoin is bad but hey, I'm making money and that's all I could ask for.

[Mr Batman]

I think bill gates is right, but for now the crypto is still good for investment (my estimation for 5 years) and after that I think crypto will be end, but i hope my opinion is wrong.

[lorapalmer]

I think Bill focused on negative sides of crypto instead of talking about its advantages, freedom, and income it can give. Criminals can use offshore bank accounts for their dirty purposes as well as crypto so I do not see a big difference in this.

[Brunus]

Well, Bill Gates also said that 640 Kilobites of memory would have been sufficient for any application ....
Perhaps his predictions are not too reliable

[blokceyin]

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 his answer is pretty much superficial and cautious. Cautious part is totally understandable but I didn't expect him to be so superficial about cryptocurrency... Well, nobody is perfect, you know. 

[zhongzy]

Bill Gates says CryptoCurrency is bad. but I think Bill Gates is thinking wrong. because CryptoCurrency offers a chance to earn income for unemployed people. Microsoft is a global company and monopoly in the world. Microsoft does not allow other companies to grow.

[superstarbtc]

The same bill gates was positive in cryptocurrency is future of money and every one should buy cryptocurrency and hodl for long time billionaire keep changing words

[tanveer01]

Everyone has their own opinion, if they said bad it doesn't mean bad. I know he comes in the most rich person of the world but that doesn't mean he has knowledge of every earning job. We all know cryptocurrency is so much useful and better for future thats why we are here. Even cryptocurrency help to make future without any investment Example Bounty.

[KobbyD]

Everything on earth has got two sides. Negative and positive sides. When Facebook was introduced, a lot said negative statements about it. Now those guys do use facebook. Cryptocurrency has got negative and positive sides. If Gates is talking about cryptos, I think He should hit on both sides, both the negative side and positive effects.

[vertinfos]

Well, criticism on the one hand is good , it does not mean that the crypto currency will come to an end after his words , as they say, taste and color of comrades

[masterzino]

Bill Gates says CryptoCurrency is bad. but I think Bill Gates is thinking wrong. because CryptoCurrency offers a chance to earn income for unemployed people. Microsoft is a global company and monopoly in the world. Microsoft does not allow other companies to grow.

Well, when Bill Gates started Microsoft they were not the biggest in the world and he build it. He is rich and famous. He pays taxes and is afraid of everything that it is not under the same regulations. I understand him, he says nothing bad about crypto.