Bill Gates Let’s explore what the legendary founder of Microsoft- Bill Gates has to say about the value of Crypto

Bill Gates, the fourth-richest person in the world and legendary founder of Microsoft, held an Ask Me Anything (AMA) on Reddit, which was proven to be true on Twitter, where he explained he does not invest in Bitcoin because it is not “adding to society”.

When a Reddit user asked Gates what he thought about bitcoin and other cryptocurrencies, he replied: “I don't own any. I like investing in things that have valuable output. The value of companies is based on how they make great products. 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.”

On the other hand, he opined crypto is “just what some other person decides someone else will pay for it so not adding to society like other investments.”

At the beginning of 2021, Gates predicted that digital currencies will eventually emerge as the main form of payment method. However, he took a “neutral view” on bitcoin, saying he is not a HODLer, nor he would short it.

Shortly after, he warned people to be utterly careful when investing in Bitcoin as they could suffer severe financial losses. He further advised everyone who has less money than Elon Musk to “watch out” when diving into the digital asset universe. Currently, this means every single person since Tesla’s CEO is the richest man across the globe.

Gates touched on a wide range of topics during the AMA. He again denied the outlandish conspiracy theory he wants to track people by implanting microchips into their heads via vaccines. “Why would I want to know where people are? What would I do with the information?” he said.

On whether billionaires should pay more in taxes, Gates, who has previously said he would pay more tax, warned that going too high could lead to more tax dodgers.

Contrary to Bill Gates…

Contrary to Gates’ skepticism, numerous prominent investors and entrepreneurs are keen on BTC and often praise it as a great investment tool.

Such an example is one of Apple’s inventors – Steve Wozniak. Last summer, he said the leading digital asset is better than gold, describing it as a “mathematical miracle.”

Orlando Bravo – known as the first Puerto Rican-born billionaire – is also very bullish on BTC. He classified it as a “great,” “frictionless” asset that is “here to stay.” In his view, young people are attracted by its decentralized nature as they might establish a future financial network based on it.