Bill gates says cryptocurrency is bad

[kevinzxz]

I think Bill Gates is wrong, cryptocurrency is a very good idea for the progress of the world, because I see cryptocurrency is a very good step to make changes in the world.

[UladzimirS]

No I do not agree. Cryptocurrency will always develop and gradually replace the usual currency for us.

[511xiaohao]

I am against Bill Gates. I think he is a winner and its speech will take into account the government. So I believe the cryptocurrency is great.

[JunMel]

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.

That could be true that sometimes crypto can be use in illegal transactions such as money laundering and other big time gambling. That's why some people see that crypto is bad, but if crypto can be regulated will so that trust and security issues will be solve. I think crypto is a good future for investors and users.

[curly228]

There is some truth in this, although in the years of his life, she was just beginning to appear, perhaps now he would have changed his mind.

[korg1960]

Partially agree. Cryptocurrency is also, in fact, not safe as the Deposit of funds in the Bank. Cryptocurrency can bring considerable profit, and can ruin a person in an instant.

[solarsun]

Well there is your first clue that you should probably buy some crypto and blockchain assets.  Bill gates and his wife are some of the worst human scum on earth.  Look at their medical works in Africa.  LOL  they are attempting to sterilize the poor people.  Also AIDS is not real.  It's the medicine that kills you.  RESEARCH.  Don't listen to these criminals. 

[FirstCryptic]

Bill Gates is a very authoritative person. But his opinion about cryptography will not have any impact on the crypto market. Now he says that crypto-currency is bad. A few years ago he talked about crypto well, when he needed to maintain his interest in crypto. The only thing that Bill Gates can affect the cryptology is to invest 1-2 billion dollars in the purchase of bitcoin.

[beBearKing]

This may be its strategy to abandon the crypto currency, so that later it could be bought at a bargain price. Yes, maybe many people have different opinions, we appreciate only his opinion.

well who knows what he meant but i do not think taht cryptocurrency world is a disaster no matter what he sadi

[beBearKing]

Bill Gates is a very authoritative person. But his opinion about cryptography will not have any impact on the crypto market. Now he says that crypto-currency is bad. A few years ago he talked about crypto well, when he needed to maintain his interest in crypto. The only thing that Bill Gates can affect the cryptology is to invest 1-2 billion dollars in the purchase of bitcoin.

yes i respect him too and i can suppose that maybe cryptocurrency world is not so interesting for him and that os why he said so

[42K]

Although these great people are frowning to btc but I have a sense that they are the same people who will come back in the future and tell us btc has a future. If cryptocurrencies are bad or if btc is bad we dont really care. What we care is that, btc has a future and we will follow it to hit that future.

[Ilmiyati]

anyone who says about the future of cryptocurrencies I will not believe 100%, because they can only prescribe it, and a prediction can be true it can also be wrong, I myself predict, cryptocurrencies will become something valuable in the future, with the existing blockchain technology, I think many large companies will adopt this technology

[dollurs]

That is his personal attitude towards the crypto. Anyone can express any idea about anything. May be Bill gate doesn't like the crypto. There are good and bad in crypto. We need a system to filter the bad and extract good from it. I think it will happen in future.

[shnmykl]

bill gates has a point, Maybe cryptocurrency is very risky when you enter it especially when you're investing using your own money, not from airdropped coin/token. There are many ICOs/selfdrops now that are not legit/fake. So be careful on what you invest right now guys, i mean there's more legit ICOs right there but some of them are fakes.

[Vorzlave]

That is his personal attitude towards the crypto. Anyone can express any idea about anything. May be Bill gate doesn't like the crypto. There are good and bad in crypto. We need a system to filter the bad and extract good from it. I think it will happen in future.

For me, Cryptocurrency to me is a good technological development, depending on how you use it. My advise most times to those who are into crypto, most especially the newbies, is for them not to be gullible. Do not because of the fast and big profit you intend accruing, now decide to put all that you have into crypto.

[garciacarral]

No everything that Bill Gates saying is a global objective truth. Maybe he got scammed with crypto and now he's offended?

[KingOfWinterfell01]

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 he's right, although, we could created a healthy space for cryptocurrency to thrive on without it being regulated by everyone who's underlyingly trying to manipulate the whole system. Cryptocurrency is by far one great stepping stone to the future and Bill Gates can be the key to making it prosper.

[Docnaster]

It does not really matter what Bill Gates says about cryptocurrency, it is not his field of expertise and just because he is a billionaire doesn't make his opinion more valid than an expert. Yes, there are some negative aspects of cryptocurrency, but there is also so much good it can do, it is surprising that he doesn't see that.

[numbertech]

There is nothing he can change by saying this .
Cryptocurrency is becoming a bigger part of our reality each day and people want it!
Governments have been hiding a lot and manipulating people a lot for years. Crypto is all about people taking power into their own hands for a change. That is not for the authorities to control!

[beccabloom41]

Hardly surprising he's not a fan lol.