Bill gates says cryptocurrency is bad

[Pomualdo]

many influential people have already changed their minds about crypto-currency, in time, and he can realize that he was wrong. And maybe he will be right)

[The_prodigy]

Indeed, I truly don't know wat Bill Gate considers, yet he's qualified for his own particular supposition, which I regard that. In any case, I truly don't concur with the way that digital currency is awful. I can't talk about what is giving me benefit as awful. That has been my wellspring of vocation right now.

well, we need to respect the opinion of bill gates because everyone has rights to say their opinion. but as my opinion too, I think cryptocurrency is good because of it's benefits and advantages. mark zuckerberg, praise the bitcoin but he banned the advertising in the bitcoin. but in a few days mark zuckerberg announce that there have a chance that they create their self owned coin.

[rot2m8]

I think bill gates has its own view of bitcoin. So we do not have to worry about that. Naturally if there are people who do not like bitcoin or contradictory. Now go back to yourself, whether you want to continue for bitcoin or not. That's me I think.

[Doych]

I think people are trying to understand now that we need government to clarify the issue surrounding tax in particular, the space is growing and they can't neglect this size of money flowing through the space !

[Kryten12]

Bill Gates might have been the GOD of computer software back in the 80s and one of the richest people on earth at one time, but just because somebody was once a famous tech guru doesn't mean you should listen to them about everything.

[ppppph35]

Everyone has different ideas. I think that's just his personal thoughts. You can also listen to his opinions instead of investing in encryption, but my opinion is that encryption is the future trend. It will only get better and better. I am very optimistic about encryption.

[moonkid2988]

They do not naturally say what makes them unfavorable, I always believe that bicoin will replace money in the future, they try to suppress the inevitable development of Bitcoin.

[JENREM]

Bill Gates might have been the GOD of computer software back in the 80s and one of the richest people on earth at one time, but just because somebody was once a famous tech guru doesn't mean you should listen to them about everything.

Correct. You have to weigh things out because I think not only one person has the capability to make a bad statement on that paritcular topic towards crypto currency we need also to losten from others opinion as well.

[Cemploon]

Maybe a lot of people say that crypto is an investment which is not good. This is because in crypto, lots of possibilities that could happen. So it becomes difficult to be in prediction. And it will be difficult for our analysis.

[baureksa]

He said badly, because Bill Gates did not go into the world of crypto, he was a big businessman in real money, and he was successful, if he went into crypto, his expertise would kill the bitcoin holders of small equivalents. Hmm ... he is quite professional in his business.

[Muzika]

maybe the reason behind that opinion of him is that being decentralized on this blockchain technology politician and those people who have the illegal financial transaction can used this kind of technology but once the government can control the identity of people who using this then what gates said will become void he's just giving his insight because of what is happening.

[Quartx]

He meant it in the sense of cryptocoins that 90% of the icos out there is bad with no substantial reasons for the coins to exists , the technology of distributed ledgers and blockchains definitely isn't bad

[Amancrypto123]

everyone has their different opinion .Some people says crypto is bad and some say that they are good..
I think if someone has good experience in crypto, then obviously the person will say that crypto is good. And if they have bad experince then they will say that crypto is bad.if someone says it bad he must have his personal reasons

[KopiItem]

If someone people think that crypto has bad future or can increase the money laundring activities, it depend how they look from their perspective. But for me, i think cryptocurrency will be bring us to the bright and better future. It depend how we can handle it. I never think use crypto currency for money laundring, earn money for terrorist or something that can harmfull people. Because of that i think crypto is usefull, that we can earn many advantages from that, like easy and simple transaction, the value is higher rather than our nation's currency and of course cashless.

[SindiRokRok]

everyone has their respective thoughts, it is the thought of bill gates will certainly be different thoughts with me or with you. we must accept the opinions of others, there is no harm in opinion. People already know what's right and wrong, so it's up to them to stay in the crypto or not.

[manggis97]

I heard about this news a few month ago,  and i also heard in youtube that published a few years ago which in that youtube video Bill gates said crypto is futures of money . And some people said this is only price manipulation,  when people like Bill gates said anything about crypto bad or good will be make impact with the price. But in my opinion many country already regulated crypto so they will have solution how to anticipate money laundry in crypto market.

[fatymaeos]

Bill gates says a lot of things. At one time he did not believe that with the help of online stores you can earn and get rich. You know the richest man on earth? - no? - Google it and it'll be clear. Gates isn't always right.

[gwerunm]

everything relies upon the administration of various nations. they can make cryptographic money prominent among common individuals. in the event that everything creates and it is sanctioned in all nations, it will end up being an other option to money. and afterward nobody to discuss namelessness and a danger to the world.

[blue08]

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.

The real purpose of cryptocurrency is good. Though, all good things has a corresponding disadvantages. It will depend on who is the user and how it will be used.  That is why some country are hesitant to approved the legalities of using bitcoin as a medium of payment. If they will adopt cryptocurrency, they should make some action to prevent the  using of it for illegal activities.

[leoni_lach]

It is difficult to answer this question. After all, in addition to bill gates, there are a lot of outstanding personalities who are directly opposite to his point of view.