[Digital Today Reporter Hyun-woo Choo] Microsoft (MS) co-founder Bill Gates urged attention to investing in virtual assets (cryptocurrency).
Bill Gates warned of the dangers of investing in virtual assets in an interview with Bloomberg on the 23rd (local time). “If you’re not richer than Elon Musk Tesla’s CEO, you should be careful about investing in bitcoin,” he advised.
“Elon Musk has enough wealth, power, knowledge, and experience,” said Bill Gates. “Even if the price of bitcoin surges, he won’t worry. But the average individual investor is different.” “Nobody can invest like Elon Musk.” He emphasized.
Bill Gates does not deny Bitcoin itself. In a recent interview with CNBC, he denied bitcoin in the past, but said he is’neutral’ about the value of bitcoin now.
However, he explained that due to its high volatility and anonymity, it could be exploited in crimes such as fraud and money laundering. In his view, Bitcoin is by no means an ideal currency.
Bill Gates, who retired from MS chairmanship in 2008, has since been dedicated to charity and environmental movement through the Bill & Melinda Gates Foundation, founded with his wife.
He appeared on a podcast broadcast on the 16th and said, “It is important to invest in climate change prevention or vaccine, which is a more realistic problem than space travel,” showing that he is devoted to solving human welfare and environmental problems.
Bill Gates is not bullish on Bitcoin: “If you have less money than Elon, you should probably watch out,” he tells @emilychangtv https://t.co/V7fmKSw0d1 pic.twitter.com/SDVXGddATB
— Bloomberg Technology (@technology) February 23, 2021
Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.