Bill Gates cryptocurrency

Bill Gates has expressed his thoughts on cryptocurrency during a Reddit Q&A. The Microsoft co-founder, philanthropist and ultra-billionaire took to Reddit ...

“Whether it goes up or down in the next year or five years or 10 years, I don’t know. I’ll have to sell it back to you one way or another. In 2021, it accounted for 0.5 percent of the electricity used globally, with that number set to increase if trends continue.

Bill Gates again expressed his disapproval of cryptocurrencies in his latest AMA on Reddit. What did the billionaire philanthropist say?

The information from said chips would be useless to him as he didn't know what to do with them. In fact, crypto mining consumed .5% of the world's electricity in 2021, according to a study by the New York Times in September 2021. This trail of thought was what caused him not to invest in or own any cryptocurrencies.

Microsoft co-founder Bill Gates in a recent 'Ask Me Anything' exchange on Reddit revealed he had not distributed some of his wealth into cryptocurrencies.

While he took a “neutral view" on bitcoin, saying he is not a HODLer, nor he would short it in the recent Reddit AMA on Thursday. The value of crypto is just what some other person decides someone else will pay for it so not adding to society like other investments," he Gates said on the Reddit exchange. Additionally, he also warned those who are interested in investing in crypto to be utterly careful when investing in BTC as they could suffer severe financial losses. The value of companies is based on how they make great products. Additionally, he explained that crypto is “just what some other person decides someone else will pay for it so not adding to society like other investments." Microsoft co-founder Bill Gates in a recent ‘Ask Me Anything’ exchange on Reddit revealed he had not distributed some of his wealth into cryptocurrencies.

Bill Gates doesn't own cryptocurrency because he "likes investing in things that have valuable output," he told readers on a Thursday "ask me anything" ...

“In the first place, it’s stupid because it’s still likely to go to zero," he said. “Whether it goes up or down in the next year, or five or 10 years, I don’t know. "The value of companies is based on how they make great products," he wrote.