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

[mmocrypto]

they are rick.Maybe they are give false info and earn more then

[darkangel11]

Are you guys really worried about that? They have their own opinions and it's not like they are criticizing BTC, they are simply saying that they don't like it. There's a difference between pointing out flaws and simply saying that it's bad and you wouldn't touch it if you were paid to. That's a very retarded response.
-I don't like it because it's shit! Fine, but why? -because it has no real value (Buffet) because it's used by criminals (Gates). Are those really viable points? Not to me.

[RealCrypto.org]

Berkshire Hathaway is smart in the fact they only take trades they fully understand. They historically stay away from tech companies. A good example is how they passed on Amazon in the early days. They also are such a massive investor they can't invest in small market caps without affecting the price in the short term. Everyone's strategy is different and bitcoin is not at a place where Berkshire wants to invest so they say it's rat poison.

That doesn't mean it's a bad investment for us. Why would the taxi company invest in Uber or say good things about it? It challenges the current system and only takes money away from their precious stock market.

Keep calm and buy bitcoin.

[CryptoSheikh]

I think it's normal for a guy like Warren Buffet to not like bitcoin or other cryptocurrencies. He's a clever man but it doesn't mean he can understand technology and future of bitcoin.

[Ethan Manson]

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?

Bill Gates I cant really say a bad word about him I actually think he has good opinions on emerging tech, he missed apple and seems to be missing the value of crypto but you cant always be right. With Warren buffet I think he is just old fashioned and has failed to spot any of the new emerging companies. But he's 90 so I don't really blame him

[stayeduptolate]

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 guess the most probable reason why world’s two most richest and I think the wisest man are not in favour of bitcoin is may be because of decentralising nature of bitcoin and because of which bitcoin is now being use for illegal activities like selling drugs, explosives, money laundering etc and the advantage of bitcoin that provides confidentiality in the transactions to its users are encouraging such illegal use of bitcoin because bitcoin transactions does not involve any third party seizure and I guess this could be reason why these two are in against of bitcoin.

[liangweicha]

I think maybe it's because they're too old.
They cannot keep up with the development of The Times, they cannot face new things with a new vision.

[jseverson]

It seems like the general sentiment around here is that they're too old and out of the loop to appreciate Bitcoin. That's certainly possible, but I think the far more likely scenario is that they don't care for it. Neither really cares enough about the subject to actually study it in-depth; it just sounds like they're only running off of preconceived notions.

It must also be noted that the most recent criticisms refer to Bitcoin's speculative nature. They're not really talking about its technological aspects, but rather all of the speculative investing that's going on around it. It's entirely a matter of opinion, so it's not even worth contesting. If Bill Gates wants to go short, you can prove him wrong by going long. That's just about as simple as it gets.

[loveinberlin]

I have just found out about this and to tell the truth I have no ideas and can't guess what the reason is because as for me it is a real puzzle. Such famous people who are rich are usually interested in innovative technologies able to make them even richer

[befriendmywater]

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 am a fan of Warren Buffett and he has a very logical investment philosophy and I understand his statements on CNBC News. Warren Buffett always relies on something that is really valuable and understands how a company works to invest. But for Bitcoin, it uses the money of an investor for some unclear purpose. That is for Warren very hated. I think that his opinion is correct to say that the Crypto market is not considered as investment. We can only do speculation in the Crypto market to make a profit.

[freesia_pnp888]

cuz their fortune is mostly based on cashhh

[gabbie2010]

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?

These are bigwigs in there area of specialization and field and owns many companies and I believed these statements credited to them as regards criticizing Cryptos is their own personal opinion however from my own point of view they are beginning to see massive adoption of digital currencies as way of redistribution of wealth as a threat and many countries are shifting their economy towards Cryptos e.g Venezuela, Iran e.t.c

[jerjer]

IMHO The words of the super rich people is not always right coz' of course they are still humans. Thats their opinions, and no one can change their opinions because they believe in their selves and their decisions. They reached that level because of their decision making in life. So its just their opinions but can affect to the crypto space because many ears listen to them.

[freshm4ker]

At the moment I still doubt that these people openly expressed their real thoughts about crypto currency, if that is true then it can remind me of those who in the early 20th century said that the future for horses and cars there there is no place.

[elygil2022]

...and it didn’t affect the value of bitcoin. That’s the great thing about cryptocurrency, no single person can influence it. Not even the collective criticisms from the wealthiest people on earth can affect bitcoin. Or even the most powerful world leaders.

[peter0425]

Are you guys really worried about that? They have their own opinions and it's not like they are criticizing BTC, they are simply saying that they don't like it. There's a difference between pointing out flaws and simply saying that it's bad and you wouldn't touch it if you were paid to. That's a very retarded response.
-I don't like it because it's shit! Fine, but why? -because it has no real value (Buffet) because it's used by criminals (Gates). Are those really viable points? Not to me.

I'm also not worried, actually it was funny to see them really very critical about bitcoin,  but hey its a free world and every has its own opinion. Maybe they are right because they understand that its a speculative asset that can simply go down anytime, however, we have our own opinion as well. Crypto doesn't work that way, yes it might go down anytime but it doesn't mean that we can't stand up again and recover losses. Let them talk all them want, but sooner we are going to prove them wrong.

[Catch-22]

Bill Gates is retired and spends most of his time giving away his fortune. Warren Buffet is old and will also give most of his money to charity. I highly respect both these guys but I think this time they’re not on point. I’ll just ignore them. Their statements did not affect bitcoin anyway.

[mutrang23]

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?

Rich people are looking for new fun with Crypto. They are trying to create so many events that the market goes up or goes down badly through their statements. Every word is a terrible trap, be careful of every word from the celebrities.

[AndyRock]

Actually they don’t like it because bitcoin doesn’t have any owner or company. On the subject of ICOs, they considers them to be speculations of a crazy variety.Choosing precisely what is affecting the cost of Bitcoin whenever is no science. So surely, they have some clear view behind it.

[teejayrichard2]

i think they are old and at this time cant seem to think and analyze this properly. they still look at the world from the angle they saw it years back forgetting the only constant thing in life is change.