Who is wrong?

[ijeb]

Since Gates last appreciation regarding crypto back in 2018 when he said that he would short BTC if there was and easy way to do it, Bill Gates recently described Bitcoin as a mania/bubble so he is still pessimistic, while others like Elon Musk have revealed that they believe not only BTC could rise exponentially in value.

Who's right? Let's discuss.

[Upgrade00]

Rather than discussing who is right, you should rather ask for what others think about Bitcoin; The fact that someone got tons of money does not make them an expert on every financial venture, smart people stick to what they know best.
Warren Buffet has expressed his lack of affection for Bitcoin, which would be because he knows very little about how it works, he could however give invaluable advice on some other investment ventures.

As an investor, focus on your own idea of what Bitcoin is and what it could be in the future.

[tabas]

It's no longer important who's right or wrong. What's important is the one who's with the tech and has invested and putting their money where their mouth is.
Because upon choosing who's wrong, there will be the hate from the others if we're going to choose any from them. As long as we're doing the right thing that we know and they're also doing the right thing as if they don't like bitcoin, let them be.

[Kemarit]

Since Gates last appreciation regarding crypto back in 2018 when he said that he would short BTC if there was and easy way to do it, Bill Gates recently described Bitcoin as a mania/bubble so he is still pessimistic, while others like Elon Musk have revealed that they believe not only BTC could rise exponentially in value.

Who's right? Let's discuss.

Neither, you have to ask your self, what is the effect of these billionaires for average joe like us? That's right, we shouldn't be get affected by it, we make our own decision not base on Bill Gates or Elon Musk. So there's no need to discuss who is right or wrong.

Bitcoin has evolved already, others have been calling Bitcoin's demise for many years and yet the price today has reach an all time high of $60k and we are on the way to get to 6 digits.

[Coin_trader]

Since Gates last appreciation regarding crypto back in 2018 when he said that he would short BTC if there was and easy way to do it, Bill Gates recently described Bitcoin as a mania/bubble so he is still pessimistic, while others like Elon Musk have revealed that they believe not only BTC could rise exponentially in value.

Who's right? Let's discuss.

Bill Gates has its own principle in terms of trading and he already prove himself by being most reaches person before for a long time so we should respect his opinion and don't compare to Elon. Elon musk investment strategy and vision is perfect for crypto that's why he is supporting it. In contrary, Bill Gates is an old school businessman so definitely he don't want to venture on things that he don't full understand especially the concept.

[Review Master]

Who's right? Let's discuss.

None is wrong from their own point of view. Just think about those hodlers who bought bitcoin to hodl it for long time, not for the short time and on the other hand, traders are doing trades according to their analysis for short time, not for longer period of time. Samething for Elon and Bill Gates as both of them are have own perspective about bitcoin. Elon musk believes on the long term perspective , in the mean time, Bill Gates might want to short it for quick profits instead of hodling that for longer period of time, IMO.

[rhomelmabini]

Both sides are right in their what they think is for Bitcoin and we can't say that there's wrong. One side says that the price may plunge to nothing or it's a bubble, they might be right or the other side says it will never become a bubble like the former firmly believe. Possibilities on both sides are endless.

[Gayong88]

For me both have their respective views, it's just a different time if Gates at the end of 2018 and Elon Musk now gives such an opinion. nothing to discuss in my opinion. just follow and be prepared with all the possibilities that will happen.

[SyndicateLabs]

I don't care about their point of view, because what they say has its own basis. Both are very successful people in life, so their perspective will show us a comprehensive view of this market problem that it has a lot of good points and bad points.

[Dave1]

Since Gates last appreciation regarding crypto back in 2018 when he said that he would short BTC if there was and easy way to do it, Bill Gates recently described Bitcoin as a mania/bubble so he is still pessimistic, while others like Elon Musk have revealed that they believe not only BTC could rise exponentially in value.

Who's right? Let's discuss.

Two different individuals, so obviously they will have a different outlook and perspective as far as bitcoin goes. Although we may call Elon Musk a true visionary or at least the latest one as compare to Bill Gates who is old and very traditional.

So in any case, I would favour Elon here, as we believed that bitcoin can get into $100k or even more just in this cycle alone.

[Cappex]

Since Gates last appreciation regarding crypto back in 2018 when he said that he would short BTC if there was and easy way to do it, Bill Gates recently described Bitcoin as a mania/bubble so he is still pessimistic, while others like Elon Musk have revealed that they believe not only BTC could rise exponentially in value.

Who's right? Let's discuss.

I believe that the question must be analyzed more in depth and most likely there will never be a single truth that accommodates everyone, personally if we consider its value intended as purchasing power, the history of these 12 years has shown that it has proved to be one of the best investments ever.
What it represents, on the other hand, is much greater and there has never been anything comparable, the financial freedom it can give is tangible, but I quote a spiderman film: "from great power comes great responsibility".
Bitcoin and blockchain effectively eliminate trust between individuals by digitizing it, but behind Bitcoin there is man, miners are men, whales are men and by nature man is corruptible.
If the global financial system continues to reduce the purchasing power of the individual by printing dollars for 60 years without improving the lives of all, the distributed nature of bitcoin could give a longer duration to economic sustainability before seeing a large number of coins. be accumulated in the hands of a few.
summarize my opinion, optimistic yes but not sitting on the moon.

[robattfield]

Since Gates last appreciation regarding crypto back in 2018 when he said that he would short BTC if there was and easy way to do it, Bill Gates recently described Bitcoin as a mania/bubble so he is still pessimistic, while others like Elon Musk have revealed that they believe not only BTC could rise exponentially in value.

Who's right? Let's discuss.

Their words and opinions are always the answer for us, depending on each time of this market that judgment may be right or wrong. Now I think about Elon's point more, since there is a strong growing market right now and many people think it will be a hybrid for use around the world.

[rahmat86]

I think there is nothing wrong and right in this. You cannot impose your will or thoughts on other people, everyone has a way to profit, not everyone in this world has to join bitcoin or cryptocurrency. If your friend joins and he or she suffers a loss, are you willing to make up for the loss? Prices in cryptocurrency are very volatile. the risk is too high

[ninkdwi]

is there a close enough relationship between Bill Gates and Bitcoin? because as far as I know he is the one who most loudly criticizes Bitcoin from all aspects .. what made him profit from the criticism? then on the other hand, has Bitcoin criticized Him for interfering in our affairs Bitcoin users?

[bandungan]

the debate between the world's two influencers about cryptocurrency is very interesting. but we are sufficient to judge within ourselves which one is better to serve as an answer, the most important thing is how we see the current situation on the answers that exist in public. after that equate our answer with the statement elon musk or bill gates. it's better than we have to tire of debating

[zasad@]

It doesn't matter who is right. Only your investment matters. Many opinion leaders on Wall Street scolded Bitcoin and other companies, and ordinary traders and smart people bought Bitcoin and other cryptocurrencies when they cost 5-10 times cheaper than now.
Any opinion leader always has an advantage. He can change his mind and buy cryptocurrency, but you always find out about this after. So think with your head.

[omone1]

I understand Bill Gates knows the truth about bitcoin but chooses to shy away from endorsing it, well the genius has a good track record in tech and has contributed his best to humanity but he really doesn't know it all, in terms of bitcoin his opinion is honorably wrong.

[sapnu]

Since Gates last appreciation regarding crypto back in 2018 when he said that he would short BTC if there was and easy way to do it, Bill Gates recently described Bitcoin as a mania/bubble so he is still pessimistic, while others like Elon Musk have revealed that they believe not only BTC could rise exponentially in value.

Who's right? Let's discuss.

Both sides have different opinions with regards to the matter and we should respect that specially the position they achieved in life. On the other hand, we should not compromise the assessment or definition we set by ourselves when it comes to bitcoin. Everyone is entitled with their opinion but not everyone will agree to your opinion. Elon Musk and Bill Gates might have all the riches a million of people could attain their whole lives but that doesn't mean you need to listen and believe them right away. Regardless of what perspective they are siding on, either pessimistic or optimistic about bitcoin, you have all the capability to determine which side do you think is right depending on your experiences and observation.

[akgandalf]

Bitcoin or other crypto currencies are a serious danger to banks, but it is a fact that it is not possible to use Btc in daily life. Gates may not invest in Btc, which is currently on the rise, but one day he will. Might be waiting for the fix in btc.

[DU18]

I understand Bill Gates knows the truth about bitcoin but chooses to shy away from endorsing it, well the genius has a good track record in tech and has contributed his best to humanity but he really doesn't know it all, in terms of bitcoin his opinion is honorably wrong.

Everyone certainly has different views in seeing things including in the world of crypto, in my opinion there is nothing wrong with what Bill Gates said because of course he has his own reason for not investing in bitcoin, I remember that last February , Bill Gates gave a statement that said if you are not a rich person you should not invest in bitcoin and Bill Gates also said:
Elon has a lot of money and he's very sophisticated, so I'm not worried that his Bitcoin will randomly go up or down, I think the people involved probably don't have much money to spare.
https://www.bloomberg.com/news/articles/2021-02-25/it-s-gates-versus-musk-as-world-s-richest-spar-over-bitcoin

So it is only natural that Bill Gates reminds other people who do not have more money not to invest bitcoin all in without any other savings.