Bill gates says cryptocurrency is bad

[akai098xx]

I think it's an old song. Bill gates billionaire guys, he has his cockroaches in his head, what he thinks few people are interested in, especially in cryptocurrency. He tomorrow will tell the Euro is bullshit because he keeps his fortune in dollars:) And that everyone will believe?

[Domain_THEME]

Bill Gates is a freemason who does not need to change the existing order of things. He is absolutely not interested in the emergence of new strong competitors of the existing banking system.

[kand19299]

 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.

[readygoaw]

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.

Everyone has their own opinion on this matter. I for example, like many on the contrary think that cryptocurrency is good that they are the future. Everyone thinks as he wants.

Bad opinion about cryptocurrency is not a novelty for me. I am not surprised at all. But I am trying to understand why Gates or Buffet has so critical attitude to crypto. Coins are just started in terms of history.

[rehanaurora]

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.

[AssassinCreed]

This is a reasonable point of view, but we can't just see its bad aspects. We must also consider the positive aspects of encryption. It also brings us many benefits. Objections are natural. In the future we must find a solution to prevent others from using passwords for illegal and illegal activities. I believe this industry will develop better and better.

[adutlf88xn]

There are thousands of such statements from various famous people, but he does not say that they are at least right in everything! They do not decide to be or not to be, but we are ordinary people who believe in this technology and hope that with the help of the blockchain our life will be better, we can influence it!

[rarkenin]

Big guys always say something in order to buy cheap from market Bill Gates will agree with cryptocurrency community if cryptocurrencies gonna to rule the whole system of cash transactions. Even Buffet calls bitcoin as rat poison but he doesnt need to mention that banks are rat

[blockchainmarketus]

Seems like Bill Gates is a bit out of touch with the use case of most coins and tokens. In a way he's right that there's not much legitimate use at the moment besides hoping for price increase. But soon the tokens will begin to play a role in many people's life and we will see broad adoption.

Do you believe in Bill Gates? You earn nothing from him alright. Cryptocurrency will find its own pathway with or without bill gates. Bill gates stands for Hegemony of Capitalists that;s why he said that cryptocurrency is bad. Why don't you together with John McCafee? He is better in cryptocurrency he made succesful project too.

[belcini]

Everyone has an opinion, and this is normal. But I think that he is mistaken. Honestly, I did not expect such a statement from a person who earned a fortune on literate investments.

[Bitfling]

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 dont think cryptocurrency is bad. Crypto like bitcoin created because corrupt economic system and thats why bitcoin have limited supply and using blockchain technology. Anonymity is an option and thats not a negative thing because people can report it to government

[btcefeyigit399]

This type of talk about a famous person's crypto currency affects the crypto exchange very much. bill gates I think a lot of bitcoins are just waiting for the system to fully evolve.

[lightning mcqueen]

Cryptocurrencies are not bad. People can get rich by investing in them. I believe that block chain technology behind encrypted currency is the future development direction.

I don't hear or watch that news that bill gates says that crypto is not good, but I think even if he say that, people will not believe in it because nowadays many people are getting more and more interested in using crypto currency.

[Svarora]

Well every person has his own view of watching the things . We are here for new financial inclusion.we are here for profit also. So you must invest

[rdny]

Being an accountant, I think this is entirely wrong. One can live and transact without being traceable. One can do this using cash as basis for payments. This is what kingpins back in the day since banks are syndicates who has ties with the greatest syndicate which is the government.

[D3m1r4wanti]

bill gates or anyone can say what they think about crypto currency. even if bill gates say that the crypto currency is ugly then it is his right to say so. as long as it does not affect the market price I think it will not be a problem

[TastyChillySauce00]

bill gates or anyone can say what they think about crypto currency. even if bill gates say that the crypto currency is ugly then it is his right to say so. as long as it does not affect the market price I think it will not be a problem

Sadly people will worrying about his saying, it's like when someone become #1 Rich, all of their saying will automatically become wise in the ears of average joe, even people will always sharing their saying for motivational purpose even the worst too.
I just want people to know that bill gates is a human just like us, people just could ignore someone that says a bad thing about something we like.

[befine77]

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

[jakiro.hovard]

A very strange statement, because not so long ago I saw another video in which Bill Gates on the contrary said that bitcoin is digital gold and those who managed to buy it will be able to get very rich.

[the_dump1]

 I think that Bill Gates is not interested in cryptocurrencies. He has other interests and other problems. I am sure that the time will come when he recognizes the cryptocurrency.