Why is Bill Gate against investing into bitcoin?

[dead_m92]

He never said that he is against investing on crypto, why are there still people spreading fake rumours about things that never happened before? Came on guys, stop spreading this

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[UniQue7]

If he does that would be a big boost for btc as in general, it needs someone famous that can support it but at the same time, it is a risky investment.

[tranhieu2799]

Bill Gate against the cryptocurrency coins you can join the discussion on getting information from here: https://bitcointalk.org/index.php?topic=3645967.0

[necessaryyou]

Bill Gates says the anonymous nature of blockchain technology as a basis of electronic money can have a very bad effect. "At present, electronic money is used to buy fentanyl (a painkiller) and other drugs, so it can be said that this technology can cause indirect death," he said.

[ryap12]

From what I see Bill Gates cannot  accept the new world entering to digital currencies. Even if he is a powerful and rich person, he cant stop it. His reason that digital currencies are being used to money-luander, buy illegal drugs and funds terrorist are still happening also in fiat. He may be against it but he does not think how many jobs are now offered becuase of the new digital currencies. The new way to help others in dire need. The new way to send and receive funds in the quickest way. There are quite a lot of opportunities opened. Bill Gates is just closed minded with the Cryptoworld. We dont know for sure if he has other reason disliking it.

[blckhawk]

He is against bitcoin because he said, bitcoin lacks its actual value and that means he is referring to bitcoin's extreme volatility. He is a business oriented man and of course we think he is ignorant on our part. But he has a point. We don't need someone who is actually against the thing that helps most lives that relies on bitcoin. He wants a "sure" thing which is not present here in crypto world.

[Bitcoinislife09]

I recently read through the comments made by Bill Gate on bitcoin and other related cryptocurrencies (https://www.google.com.gh/amp/s/www.cnet.com/google-amp/news/microsoft-founder-bill-gates-would-bet-against-bitcoin/). From the comments he made, it is obvious that, Bill Gate is against investing into cryptocurrency. Critically appraising and analyzing how helpful bitcoin and other cryptocurrency are and base on the comments Bill Gate made, I don't see the reason why he is against cryptocurrency. Probably he might be having his own reasons of which I am not aware of. Can someone help as to why Bill Gate spoke against bitcoin and other cryptocurrencies?

Maybe because he doesn't know how cryptocurrency or bitcoin works. People like him doesn't get rich by doing such thing. Thinking about the extreme volatility of using it. Well, as a business minded person, he was able to become billionaire through his business itself. I guess that is one of the reasons why he doesn't support bitcoin. Taking a huge risk in a thing which is prone to negative issues and in an unsure system does not make him to promote it.

[Leezee]

Most of the time, these people don't like bitcoin because it's unstable.
However, bitcoin and blockchain are inseparable, which is the most important point.

yea i agree with your view.

[millgates]

Invest in bitcoin is very risky. The fluctuations price also very high. We can't push people who don't want to invest in bitcoin, invest in bitcoin is not a must. Whale will makes bitcoin price rise but also makes the volatility even higher.

[Phantomberry]

I watch some youtube videos that Bill Gates endorse bitcoin as a future payment currency but now he is against of bitcoin i think bill gates realize that bitcoin is super risky for now.

[Prince Malik]

Because bill gate not need curently to invest in bitcoin and he see that there is many risks to invest in btc... this person made huge profits from the traditional financial system, so he would not see Bitcoin as a source of money this is the reason why bill gate not invest in bitcoin but why againts bitcoin i havn't really any idea

[Prince Malik]

He never said that he is against investing on crypto, why are there still people spreading fake rumours about things that never happened before? Came on guys, stop spreading this

Please if you have any other Declaration from bill gate about that give use the link
Thanks

[clonely]

Bill Gates is such a man. After years of opposition, the Android operating system has also advertised it later.

[damrianto]

The purpose of the word Gates is bitcoin is often used by some parties to buy goods that should not. That's what makes bitcoin dangerous. Currently cryptocurrency is used to buy fentanyl (some kind of sedative) including others, so this rare technology can cause direct death

[tombola_official]

Bill Gates said that is not without reason, there is a good reason too.

In an interview, Bill Gates said that the anonymous nature of blockchain technology as a basis of cryptocurrency could have a very bad impact.

"The main feature of cryptocurrency is its anonymity, which I think is not a good thing because it can provoke more crime, terrorism, and tax breakers," he said.

In addition, the utilization can also give a very horrible effect for users, one of which is losing his own life.

"Currently, cryptocurrency is used to buy fentanyl (a type of pain relievers) and other drugs, so it can be said this technology can cause death indirectly," he said.

Thanks for share.

[42K]

This man I think is against it publicly but investing in crypto privately. They will tell you not to do it because of security reasons but they will be the ones investing in it massively.

[Kira Del Rosario]

These billionaires are men of their words. If they know something that isn't good for themselves, they neglect their wants for something that wouldn't help their businesses grow up or their financial state go up. THEY ARE HUNGRY FOR MONEY. Why they'll risks their money?

[Schwabac]

It is not so relevant after all, before investing, do you take in consideration what Bill Gates says before putting your money there? It makes no sense, i think that we all should be folowing our own research before investing, and he is nothing to crypto.

[Roni116]

I recently read through the comments made by Bill Gate on bitcoin and other related cryptocurrencies (https://www.google.com.gh/amp/s/www.cnet.com/google-amp/news/microsoft-founder-bill-gates-would-bet-against-bitcoin/). From the comments he made, it is obvious that, Bill Gate is against investing into cryptocurrency. Critically appraising and analyzing how helpful bitcoin and other cryptocurrency are and base on the comments Bill Gate made, I don't see the reason why he is against cryptocurrency. Probably he might be having his own reasons of which I am not aware of. Can someone help as to why Bill Gate spoke against bitcoin and other cryptocurrencies?

In the media Bill Gate said that, but we do not know behind him, it could be Bill Gate investing in bitcoin. Bitcoin is anonymous and its owner is very secretive.

[Ucy]

Would you believe thesame Bill Gates made this statement on YouTube:
"Nobody Can Stop Bitcoin!" -
https://m.youtube.com/watch?v=XG9qnSYyXDk

I have few theories why he and some other well known Bitcoin enthusiasts changed their minds all of a sudden. I am not posting them yet until I am above 50% sure.