Why is Bill Gate against investing into bitcoin?

[sham100899]

Billionaires like bill gates knows that bitcoin is a bubble although microsoft company accepts bitcoin as a payment for their product since 2013, billionaires know that bitcoin is a bubble and it is a huge gamble, but maybe they will develop their own craft with the help of blockchain tecnology.

[orarider]

I think Bill Gate investing in bitcoin is a fun signal. He is the richest man in the world. Bitcoin can bring huge profits to Bill Gate. He believes in success with bitcoin. This proves that bitcoin is widely supported.

[rye18]

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?

This is a very good proof that bitcoin is really a profitable investment vehicle that even the known billionaire like Bill Gate is also invested in bitcoin.

[bigmelons25]

His best friend warren buffet stands to lose a lot of money if bitcoin takes over the banking cartles and the credit card companies.

[zwiggel]

Bill Gates invests in bitcoin, because he believes that bitcoin is the best digital currency today. Bitcoin has high security. It can bring huge profits to investors. This gives people more confidence in bitcoins.

[Slow death]

Can someone help as to why Bill Gate spoke against bitcoin and other cryptocurrencies?

The guy said this so as not to mess up his image on the side of governments, if 90% of all the countries of the world legalize bitcoin, then his opinion will be different, that is, he does not have his own opinion, just say what he said not to look bad governments ... was something like: "I am an example for society so I can not encourage something that many governments do not encourage"

bill gates is against bitcoin, because bitcoin creates poverty and wastes a lot of ressorces.

 

What are you doing here at bitcointalk?

he is however not against cryptocurrencies he never was against ethereum also warren buffet was not against ethereum

because in their eyes ETH is invisible

[salintheonline]

Gates told CNBC that Bitcoin is "one of the crazier, speculative things" he's seen, and that he would "short it if there was an easy way to do it." In the investment world, shorting is when you bet against an asset and make money if its value falls.

"As an asset class, you're not producing anything and so you shouldn't expect it to go up. [Bitcoin and cryptocurrencies] are kind of a pure 'greater fool type of investment," Gates added.

[TahuDiniHari]

The easy answer to Bill Gates is, because you are not able to make digital economic innovations like bitcoin. The crypto market could be evidence that bitcoin can exist today, and my hope will continue to exist. 

[cuteboy2016k]

People like Bill Gate advising to investors to avoid invest in bitcoin because may be it is very risky and bitcoin is very violate coin and no other coin and shares markets not compare with bitcoin, Bitcoin is first digital currency and its journey only started, may be in couple of years bitcoin will change a lot and big investors will involved in invest in bitcoin and crypto currency, any way the current situation most of people to avoid to invest in bitcoin but this will change soon

[Maestro75]

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?

Let Mr Gates invest in whatever company he likes and that will not be breaking any rules if he decides to skip Cryptos. After all I have not heard that he has investment in the porn industry.

[rockie87]

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?

There were times when Bill gates and many other influential personalities and business tycoons have rated bitcoin revolutionary and they made lots of profit from that.Earlier bitcoin was not as popular as it is now and was not a threat to the global currencies.There governments were also not against bitcoin so it was all good for these personalities to invest in it and make some money.Now that there is war between most nation governments and cryptoworld,these people has show support to the there government for the business which completely understandable and that could be the reason for bill gates action.

[5ensei]

He is just annoyed that he can't spend a billion dollars to buy it out and take ownership of it. Bitcoin is decentralised so all authoritarians will hate it, and Bill Gates already missed the boat so he's trying to fud it back down again

[Akany]

From his comments, he made a statement, he said "you're not producing anything and so you shouldn't expect it to go up" what do you expect from a wealthy man that has lived his whole life believing that for one to have money you have to produce something in a centralized way. For the fact that he is one of the richest man in the world doesn't mean you should take his word for it. He is speaking from what he knows. And it's quite clear that he doesn't know much about the decentralized world base on his comment that he also said if he could short it, he would..

[liseff3]

Why is Bill Gate against investing into bitcoin?

Bill Gate opposed or not opposed to me personally will not bring any change. Bill Gate's a rich man a person like them has no interest in the world of cryptocurrency at all in fact he will be closer to the FUD than the user crypto. So far, people who hate bitcoin mostly come from Non Users for example Bill Gate, not from users themselves.

[Sihab76]

Bill Gate or most of rich man don't invest in bitcoin or cryptocurrencies because bitcoin and others cryptos are volatile and risks to invest. Moon and dumping are always volatile, so they can't to invest.

[putriliesma]

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?

That would be great news for people around the world, because I think Bill gates a very influential person about the business of Bill gates against bitcoin.

[coinholic]

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?

Bill Gates is not against Bitcoin or Cryptocurrency! He's just against the idea of buying them at the current price which is quite high. Being a tycoon and a foundation in the business world, he is smart to know that whatever he says will certainly make an impact. So if he says something negative about Bitcoin or any other crypto, it will surely have an effect on the value of these currencies. Therefore a price decrease may happen. And when this takes effect, I'm pretty sure Bill Gates will purchase tons of Bitcoins at a lower price. FUD's and fake news are just strategies. Something that we should know by now.

[chayuthjaidee]

Thank you for your question, I got new knowledge and I think Bill Gate dont understand block chaining, new technology.

[felipe04]

Bitcoin is more on investing so we can lose a lot of money here by doing that so that's why people don't like this like the rich person Bill Gates

Either we have future or we don't have future here crypto run like no assurance so this is so risky that's idea is bad for other people

In my opinion we can take some risk so in crypto that's only the worth and that's also the negative so invest the affordable that's all we can think in risky things like here in crypto

[sakamaku]

Bill Gate against is investing into bitcoin, because:
- First and foremost, he ignores the fact that all the crimes he mentioned can all be made using paper money. Criminals still use cash to drug trafficking, money laundering and tax evasion until they are discovered by the bank. The crime of using a technology does not mean that the technology becomes a bad thing. Because of that, Bill Gates's company is bad because criminals can use Windows to commit their crimes. Obviously, such an allegation is completely unreasonable.
- Next, it can be argued that the allegations of tax evasion and the death of electronic money are very contradictory. Not because the tax system that the United States can fund the Syrian bombing, which has killed more than 10,000 people this year? Of course, tax collection is aimed at good intentions, just as electronic money brings benefits to society. Gates has overlooked the cutting-edge features of a fast, cost-effective, cross-border payment method, such as electronic money - which the global banking system has, despite efforts, has not yet done. OK. Yet, Gates again voiced criticism over e-money instead of those weak financial institutions.
- Therefore, it is difficult to accept when all the crimes are poured into electronic money.