“The way cryptocurrency works today allows for certain criminal activities. It’d be good to get rid of that,” he quickly added: “I probably should have said bio weapons. That’s a really bad thing.”
“Bitcoin can go up and down just based on the mania or whatever the views are and I don’t have a way of predicting how that will progress,” he saiitcoin prices have seen parabolic moves of late, despite critics who say that it is a technology looking to solve a problem that doesn’t exist, while using outsize amounts of energy to create a single bitcoin.
To be sure, this isn’t the first time, Gates has discussed bitcoin and cryptos but has beliefs have wavered over time. Back in 2018, he said in a separate “Squawk Box” interview that he would bet against bitcoin if he could.
“As an asset class, you’re not producing anything and so you shouldn’t expect it to go up. It’s kind of a pure ‘greater fool theory’ type of investment,” Gates said on CNBC"
Bill Gates says cryptocurrency is one innovation the world could do without (msn.com)
What does he think now with Gold?
gold, page-92577
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