Bill gates says cryptocurrency is bad

[Blinker123]

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 why Bill Gates said that because he sees what's happening in cryptocurrency right now. The dump, struggling, all the problems of cryptocurrency and Bill Gates is not convince to invesr in crypto because He's also an expert in investment and etc. Maybe next year we will see that Bill Gates is wrong in saying those things to cryptocurrency.

[Sama517]

The fact that Bill gates condemns or says cryptocurrency is bad doesn't make it bad. We should all believe in cryptocurrency and ignore whatever one single person says about it.

[Maknae09]

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.

Basically, many projects are using the blockchain technology that is not suitable to their project. They just did it just to say that they utilize the block chain. Blockchain should be use by many promising projects that really requires it.

[reality18]

Bill Gates has always maintained his stands against Bitcoin since it was introduced to him. Although having such an influential person like Bill Gates in crypto will boost its growth, his absence does not collapse the market.
We should not worry and focus much on his statements against crypto, after all, he does not have any solid background in economics, hence i'm not surprise he detest Bitcoin and crypto.

[fuer44]

no matter what people say, even the billionaire's class of bill gates. what I think about is I am expressing profit from bitcoin and I will stay here.

[Jabiii]

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 am not agree to what Bill Gates said about cryptocurrency. Because cryptocurrency is the best investment for me and what Bill Gates said is so disappointing, yes cryptocurrency now is struggling but i can see a better future in cryptocurrency! I will stay positive!

[R9s]

Buffett also said something similar. I think that Bill Gates and Buffett have rich investment experience, but for crypto, they are still newcomers.
I understand what they said, but I don't fully agree with what they said, time will prove everything.

[chenhaonan]

The cryptocurrency market is really terrible. It is full of scammers, projects that have been copied on a large scale. They don't have any new breakthroughs, so Bill Gates is correct, but it doesn't say bitcoin is bad. Bitcoin must be a great coin.

[Ronnes]

In every ones mind there is a diffrent thinking.those who a good experience in that field they says its good those who dont know anything about that they will say it is bad. its actual depends upon the person how they recive it.

[lathin]

i think everyone have their own prospective about something.It is up to yourself  how you take that.

[sjbi]

None becoming critical of any new invention is to blame. What factors make any new invention acceptable by the world are that whether the new invention will bring a real change in the lives of people. Different people have different view and that they interpret something on their own. View of the mass people will be valid and acceptable across the world. In case of cryptocurrency, the world is accepting it in a way or another. If the world would decline to accept it, why it is remaining here with us even around 10 years after its establishment?  

[lovesybitz]

This is the problem sometimes to others here when it comes about in crypto. Although, we have our own opinion in that matter. And I think Bill gates is out of tune about in crypto currency. Or something we don't know why He said it, though in every business there is bad and good effect on it.

[various]

And i say windows is bad. OSX and Linux are better. Everyone has to respect others thinking, but i don't agree with Bill Gates. He sees the cryptos just the bad way. It would be better if he tried to see its positive side.

[hengha]

I saw an article that divided these reviewers into two categories: interceptors and believers! Although its description is unacceptable, I think this makes sense. Any market needs such a development process, and all good markets are reborn after intense debate!

[Dhiepzhy]

I'm think I've watched a video of Bill gates saying that Bitcon or crypto can't be stopped. He's just saying that Crypto investment is risky just like any other investments given that it's very volatile.

[sanacaks]

There is no control mechanism for crypto. I agree that crypto coins need to be brought under control. However, the future technology is blockchain. Crypto coins are also the continuation of the blockchain. States can establish a control mechanism by agreement. thus, fraudsters cannot use this system comfortably.

[Fredomago]

And i say windows is bad. OSX and Linux are better. Everyone has to respect others thinking, but i don't agree with Bill Gates. He sees the cryptos just the bad way. It would be better if he tried to see its positive side.

Business mindset as always, he have different views and he can state whatever he wanted, who knows how deep he knew about crypto and what's the real intentions behind  bill gates can also be a whale when in terms of business investment, knowing how big he can be whenever he talk about something he can make an impact, it can be a tricked for weak people who invested here some fuds can move the market and bring your investment into a big loses so better to know well before making any position.

[biletskiy]

This is the problem sometimes to others here when it comes about in crypto. Although, we have our own opinion in that matter. And I think Bill gates is out of tune about in crypto currency. Or something we don't know why He said it, though in every business there is bad and good effect on it.

Bill Gates mentioned cryptocurrency as a bad idea several times yet. But for me it doesn't mean that Gates against crypto at all. Every modern human understands blockchain and cryptocurrency advantages. All these bring new opportunities.

[regexlove]

No wonder this person is one of the richest and most advanced in IT technologies !
You can see for yourself now how good the cryptocurrency is and how fast the market trend is changing 

[bgpsq]

And i say windows is bad. OSX and Linux are better. Everyone has to respect others thinking, but i don't agree with Bill Gates. He sees the cryptos just the bad way. It would be better if he tried to see its positive side.

And who cares about your opinion? How many people are using Linux instead of Windows? If cryptoccurency ends up as Linux, so it would mean a loss for cryptocurrencies.