Bill Gates and Warren Buffet are the newest critics of Bitcoin. (From CNBC News)

[isidrorex]

What do you think is/are the reasons why the two of the world's most richest men doesn't support and is against Bitcoin and Cryptocurrency?

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[franky1]

when rich guys tell you to short something.. those rich guys already have shorted it. and are now wanting others to react so that they can do the opposite

EG when a rich guy says sell.. he already sold and wants othrs to now sell so he can buy at a discount
then after the rich guy buys at a discount. they will then and only then tell others to start buying. for the price rise. so the richguys can then sell

[First77]

$1 to $10,000 in 9 years in super-HYIP. Those super-rich people have earned money from factories, gold, silver, businesses and services, stock markets that has seen many wars, economic crashes, 9/11 terrorist attacks, economic booms, technology revolutions and more.. over the past 100 years.

[bitbunnny]

So what? Their opinion means nothing to me. They are like some so calles authorities but their real influence is exaggerated and people don't think with their own heads but buy everything they hear or read. Just because they have money that doesn't mean they are experts for everything, including cryptocurrencies. Follow your own philosophy, not theirs.

[malbterxic]

I strongly doubt that these people openly declare their real thoughts about the crypto currency, but even if it is really so, then it reminds me of those guys who at the beginning of the twentieth century said that the future for horses and cars there is not the place.

[SaShiRaJaVu]

What do you think is/are the reasons why the two of the world's most richest men doesn't support and is against Bitcoin and Cryptocurrency?

This is not the first time the old man is talking about a technology he could not understand under the natural circumstance of his age and still he wants to make opinions when he was an individual who promoted scam as he directly controlled all the rating agencies and that in turn started the meltdown having a closed eye on certain shady things and he was an insider trading and so i do not mind what he says

[mrtryonebiggums]

Ignorance and there is no way around that. If they tried studying and learning about crypto, they would not make such statements. It all boils down to not having the knowledge.

[abduljakul]

Yup, that's what I would do if I'm a big fish in the business industry. Criticize bitcoin to get the market as low as possible and anonymously joining it since it is secured. They will probably join the market in a few days once the market hits their preferred price. Don't believe their bullshits trust your instincts.

[aoluain]

when rich guys tell you to short something.. those rich guys already have shorted it. and are now wanting others to react so that they can do the opposite

EG when a rich guy says sell.. he already sold and wants othrs to now sell so he can buy at a discount
then after the rich guy buys at a discount. they will then and only then tell others to start buying. for the price rise. so the richguys can then sell

And whats really annoying is that the markets usually react to what these
people say about bitcoin and crypto because they have a loyal following.

For me I dont care what their opinions are about bitcoin or crypto because
in the long run they wont make a difference.

[KingScorpio]

What do you think is/are the reasons why the two of the world's most richest men doesn't support and is against Bitcoin and Cryptocurrency?

they profited wastly from the banking cartel it delivered them needy salary slaves or "money earning cattle" in masses which they then used to support and grow their income sources (microsoft) & (others)

with cryptocurrencies out, people suddenly will be able to all hire others to grow their businesses and they wont get cheap and abundant employees anymore

so they hate crypto,

its nothing reasonably they simply are against it because it doesnt protect their neofeudal interests/position

[Virtual miner]

when rich guys tell you to short something.. those rich guys already have shorted it. and are now wanting others to react so that they can do the opposite

EG when a rich guy says sell.. he already sold and wants othrs to now sell so he can buy at a discount
then after the rich guy buys at a discount. they will then and only then tell others to start buying. for the price rise. so the richguys can then sell

Most probably this is the main reason why such richie richs have to comment upon or criticize something badly. They have their own perspectives and just because they are rich, people will have to ponder upon whatever they say!

So what? Their opinion means nothing to me. They are like some so calles authorities but their real influence is exaggerated and people don't think with their own heads but buy everything they hear or read. Just because they have money that doesn't mean they are experts for everything, including cryptocurrencies. Follow your own philosophy, not theirs.

That is true, but not all people are same. These richards have set a brand image for themselves in front of everyone. And whatever they say becomes a statement for others to believe. I agree just because they have money, does not mean they are experts but their brand image has set an idealistic approach for everyone to have belief in whatever illogical they say. Moreover the FUD that media creates on such statement releases affects the thinking power of the people.

[kenelmark]

What do you think is/are the reasons why the two of the world's most richest men doesn't support and is against Bitcoin and Cryptocurrency?

There is nothing to think about them. they have been comfort in their 'comfort zone' being super rich on their royalties. I don't know if they really against bitcoin and crypto-currencies, but bitcoin has grew without their support. or might be they are afraid of blockchain as the leading technology which perhaps outdoes their giant corporations.

[KingScorpio]

when rich guys tell you to short something.. those rich guys already have shorted it. and are now wanting others to react so that they can do the opposite

EG when a rich guy says sell.. he already sold and wants othrs to now sell so he can buy at a discount
then after the rich guy buys at a discount. they will then and only then tell others to start buying. for the price rise. so the richguys can then sell

Most probably this is the main reason why such richie richs have to comment upon or criticize something badly. They have their own perspectives and just because they are rich, people will have to ponder upon whatever they say!

So what? Their opinion means nothing to me. They are like some so calles authorities but their real influence is exaggerated and people don't think with their own heads but buy everything they hear or read. Just because they have money that doesn't mean they are experts for everything, including cryptocurrencies. Follow your own philosophy, not theirs.

That is true, but not all people are same. These richards have set a brand image for themselves in front of everyone. And whatever they say becomes a statement for others to believe. I agree just because they have money, does not mean they are experts but their brand image has set an idealistic approach for everyone to have belief in whatever illogical they say. Moreover the FUD that media creates on such statement releases affects the thinking power of the people.

crypto makes many rich

everyone that wants to become rich can become, you just create 5 million cryptotoken sell one for 1 usd and suddenly you posses an asset worth 4.999.999 usd you have become a millionaire

[Lakshitha1977]

when rich guys tell you to short something.. those rich guys already have shorted it. and are now wanting others to react so that they can do the opposite

EG when a rich guy says sell.. he already sold and wants othrs to now sell so he can buy at a discount
then after the rich guy buys at a discount. they will then and only then tell others to start buying. for the price rise. so the richguys can then sell

This is exactly what happens on Share market or any trading market. Rich people are whales and they can manipulate the market as they see fit.


Gates and Buffet previously said they own bitcoin on their portfolios, so now they are criticizing it ? without doubt that is a manipulation plan, make a panic and get the price down so at the end of the year they can gain millions in return. many blockchain specialists already predicted the range of 20K - 50K USD for bitcoin by the end of the year, no wonder worlds biggest billionaires trying to buy more.

[piebeyb]

I think you need to include an article link about the news we will discuss in this thread, if I personally their words will not affect the bitcoin price, anything that rich people say it's just to make a profit for them no more and think it's just a joke

[adrianto1995]

What do you think is/are the reasons why the two of the world's most richest men doesn't support and is against Bitcoin and Cryptocurrency?

I don't care what they said about Bitcoin and cryptocurrency, they already RICH and can make millions of dollar per day from their business and they think is enough. So, they don't need to invest their money in Bitcoin and cryptocurrency to make more income for their life...

[cryptotezi]

There are so many philosophy that might be responsible for the reason. Look both of them have enough physical money. And there is a matter of HACKING that will definitely make them worried regarding this. So, being traditional in mind, they will oppose cryptos, i think.

[boy130]

For most of us, cryptocurrency is a means to an end, not actually a belief. Most people are actually investing in Bitcoin or other cryptocurrencies so that they can sell out and enjoy live whilst benefiting from all the fiat currency they've made. Bill Gates and Buffet don't need to live in this pipe dream, they have already attained fabulous worth so they are able to see the truth. I don't believe it will fail like they said, but most people aren't true believers.

[futuresprotocol]

I think you need to include an article link about the news we will discuss in this thread, if I personally their words will not affect the bitcoin price, anything that rich people say it's just to make a profit for them no more and think it's just a joke

Different Interview, same Dinosaur song. May have something to do with their massive holdings in the Wells Fraud-go Bank.
What a rip.

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[Nethermore]

As i am newbee i dont know the real scenario . But does anybody know bill gates and warren buffet dont have Bitcoin secretly . Its possible . After creating these news and hypes they buy in lower price. Lol its funny.