Bill gates says cryptocurrency is bad

[boranes]

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.

He had so many bad calls and he did say lots of stupid things in the past, just google "bill gates worst quotes" and you will get the picture.
People who don't understand crypto and refuse to look at future will always say no to new things, the same is happening with bitcoin and every other crypto.

[Rosilito]

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.

Well, he just generalize it on the other side. Although crypto currency is indeed could be use for some unlawful act. Well, that is how they perceive it, however eventhough bitcoin and the whole cryptocurrency could be use in such act, it still benefits every individual. In different way, in a good way, in some beneficial way positively, cryptocurrency is essential for politics, for the community and for the whole country as well. Cause it could be use as a source of money to be use in some transaction such as buying food in the store that will be taxed up by the government.

[Komaci]

Bill gates might be right, some people using cryptocurrency for illegal transaction. But everyone has their own opinion about cryptocurrency,  about the risks and  how to use it in a good management,  cryptocurrencies also has a risk in it,  but if u use it wisely I'm sure you will minimize the risk.

[Yara1996]

To a certain extent, you can understand all, and even the state, because there is no tax on crying, so the state does not earn it, but it's bad!

[GatotKaca]

I think it has been a polemic for a long time that crypto also has a positive and negative impact on its own users, but it is also underlined that everything is not merely the fault or weakness of Crypto itself but that its people often exploit weaknesses to negative things that create negative opinions. continue to be discussed so that the impact is directly on investment and crypto prices themselves.

[Agains]

Then one day He will change his opinion  soon

[hotBriX001]

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.

I think each of us has different point of view which we refer to each of our experience here in cryptocurrency industry. For me nothing is bad when we are succeesfully invested with the best of our knowledge and dedication to a business that we are truely believing for a good value of income to earned.

[yohaneshs]

Every people can say anything and we know they have a good business with high profits.
if you think cryptocurrency is a good business so don't worry about opinions the other peoples.

[kayvie]

Then one day He will change his opinion  soon

maybe, or maybe not. bill gates said sometime like that because he can see the flaws about crytpcurrency, if it will not be changed the way how it used to be, then he will not take his words back.

[goshay97]

This is the same Bill Gates that is euthanizing kids in Africa right?  If so who the hell cares what this guy says.  He is part of the problem. 

Your damn straight he doesn't like fair money.  He is living lavish off of the current system.  You bet he doesn't want a reset.  He may have to work again.

[QueenCryptomarket]

Bill Gates is already an old man by and large, and his opinion about money laundering, drug dealing and tax evasion with the help of crypto-conversions, sounds like banal words to say at least something to reporters (Crypto has a market share of less than 1% in this sphere) . And I remind you that when Bill and Melinda Gates Foundation worked on digital money creation in 2014 Bill Gates told journalists another: "Bitcoin is better than currency, because you do not need to be physically in one place, and, of course, for large transactions, ordinary currency can become quite uncomfortable." I believe that the opinion of Bill Gates will not affect crypto.
It will greatly affect the crypt that Microsoft will release a new operating system, adapted to the convenient use of crypto-users.

[bavian]

If you want to invest in bitcoin, the current price is too high. Want to buy them at low prices then you have to do?
It's like Bill Gate, FUD and wait panice sell. He can buy with low price.

[Sarcasm]

Then one day He will change his opinion  soon

maybe, or maybe not. bill gates said sometime like that because he can see the flaws about crytpcurrency, if it will not be changed the way how it used to be, then he will not take his words back.

What we know in crypto has a positive, negative and positive side. However, depending on our perspective and actions, it will also affect results. Actually, bad won't depend on the holder. I myself feel and get positive things from Crypto. So, I don't care if people say about bad things from Crypto.

[Crim3]

If you want to invest in bitcoin, the current price is too high. Want to buy them at low prices then you have to do?
It's like Bill Gate, FUD and wait panice sell. He can buy with low price.

Good move on his part! It worked) now he can buy at a very advantageous price, and may be even cheaper? Someone else will say something like that

[BTC_ADA]

Disagree. He earned his billions of dollars on another and therefore can say anything and he does not need it, so his opinion can not be considered objective.

[Sier86]

They all will say such things because if crypto and public blockchains successeed  they will lose tons of money and that why bank and others institutions like microsoft will keep telling such things

[anume123]

They only tell a lot when the price of bitcoin is falling but when bitcoin is clean and it works well they can not say anything and they are here.

[Enterprise Ether]

In the global crisis, the capitalization of all the crypto-currency will grow. This is because, we are now on a very deep day.

[craked5]

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 lying. he is telling you one thing and doing completely another. I'm 100% sure that some of his businesses are forking on it's own blockchain and after some time he will just change his opinion and show people his new product based on crypto and blockchain.

[Remix00525]

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 who does not have real actual experience or understanding of the market of cryptocurrency will say that. Especially for someone like those wealthy philantrophists. I don't think they truly understand the capacity of crypto. If not, then they are too afraid of it,