Tech & General

Bill Gates shuns bitcoin investment

Bill Gates shuns bitcoin investment (Updated: Saturday, 6th March 2021, 11:41 AM)


Despite the buzz about cryptocurrency and talks about its gains, Bill Gates says he has not invested.

The Microsoft founder disclosed this in a live chat on Clubhouse.

The billionaire listed other areas he put money on, adding that he had no problem with those who make their money via digital currency.

On claims that bitcoin production could be damaging for the environment, Gates said he was not totally convinced that was the case.

“I don’t see the topics as deeply related even though you might label me a bitcoin skeptic. That is, I haven’t chosen to invest money.

“I buy malaria vaccines. I buy measles vaccines. I invest in companies that make products.

“It’s not a, ‘Hey, somebody’s going to buy this for more money than I’d pay for it.’ If other people find their fortune that way, I applaud them”, he said.

In a previous interview with Bloomberg, Gates commented on Elon Musk’s interest in crypto.

The business magnate advised those who have less money than the Tesla founder to “probably watch out”.

“Elon has tonnes of money and he’s very sophisticated, so I don’t worry that his Bitcoin will sort of randomly go up or down.”

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