Bill gates says cryptocurrency is bad

[TWW]

it will be huge news if it caught up by big mainstream media...and when famous person said something about bitcoin it will affecting its price though just a little...or he just do it to buying more bitcoins like jamie dimon did...nobody knows...i cant deny his statement but in the future maybe there is a solution for that crimes

[TradeCrypto]

The same goes for Warren Buffet. I respect their opinions but we are talking of people that have no interest in taking a deeper look in what crypto-world has to offer. I may be wrong, but they don't have a malicious intent, they simply are not fascinated by this new technology. Time will tell!

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.

[Adreman23]

but i bought his windows for the purpose of cryptocurrency.  I am sad for his negative statement about crypto. Criminals have some many ways in order to do bad transactions even cryto disappear they continue doing bad things.

[LeoEspansq]

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.

Of course, this is the most unfortunate side of the crypto-currency, that anonymity is also used by unscrupulous participants. But in fact, many here for profit and interesting projects and not just for the sake of deceiving others. At least I hope so.

[YS84]

People have different mindsets. Everything has good and bad side. What we have to do is, see the its good side. However, legal actions are needed to avoid bad things.

[Tidsdilatation]

WTF does these old men know really, they are so out of touch with the current technology. They are not even involved in their own companys anymore. If they made these statements when they were young and their technological genious were intact, it would hurt. Now its just "Meh.."

[Ceballos]

people who are late for crypto always says that crypto currency is bad.
We heard this before from several companies and most of them started to invest in crypto. Goldman is a nice example of them.

[Zanetti83]

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.

[OlinEmerson]

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.

ohhh!!! so a billionaire who has no problems say something about crypto i don't follow him he has his own opininon and i have my own opinion

[Aaarono]

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 is mainly warning about the high risks of investing in the cryptos. It's truly hard to know where is the market headed.

[Kavallo]

I have some questions to ask from your guys. Why should we always bow down to authorities? Are you guys that meek and submissive that whatever the authorities are saying you will instantly follow without question? That is not just stupid of you. That makes all you guys like zombies, dead men walking.

I totally endorse this point of view, which is mine as well. As soon as any so-called VIP (which is perceived as an authoriy) is telling their opinion on whatever they are not particularly qualified to speak, people feel the need to take that in high consideration. So sad. So stupid. So medieval.

[MashaVik]

A lot of illegal use. In any field where there is money. And what he is right. But he pursues his goals. He does not care about the poverty and poverty of people, and people are looking for ways to survive or live in dignity. To give a future to their children.

[Leona Lewis]

The crypto is not the mostly used way for money laundering or selling drugs. People who are interested in described illegal things, did them  even before crypto has been invented and probably continue doing that. That's why I'm not agree with Bill.

[tipplelucky]

I think Bill Gates is too afraid of terrorists. Cryptocurrency is just a financial instrument. Cryptocurrency is not bad and not good. It depends on the person who uses the cryptocurrency.

[Walkenman]

Anonymity is good and bad. But I do not think this is the biggest problem in the crypto industry. And I very much doubt that Bill Gates, does not store in his purse several hundred bitcoins. 

[Rizwan Javed]

Well, if Bill Gates says that cryptocurrency is bad it is his personal view and every individual has it's own personal point of view. What i think is anything that is not harmful to others cannot be bad. And so is the crypto world which doesn't seems to be harmful to anyone. Rather it is helpful to so many people as it has become a good source of income through technology.

[NASer122]

Don't listen to what others say, be unique, live your own game, and don't be manipulated by other people's minds.

[kevingreen]

Different opinions from difference people, here Bill Gate is lending his own voice but all these are personal opinions, but the truth is that cryptocurrency has come to stay, although there is need for prepare regulation on the part this industry. This will help curtail the activity of fraud stars .

[jouns]

He lies again. One day he said that he invented a mouse, but actually stole the idea from apple.

[etin06]

I think he said that to create fud so that he can buy the dip of them and hodl for more profit.