Bill Gates Dismissed Crypto In Favor Of Things With ‘Valuable Output’ — If You Invested $1000 In Bitcoin On That Day, Here’s How Much You’d Have Today
Posted On October 30, 2024
Microsoft founder Bill Gates hasn’t had very encouraging words for cryptocurrencies as an asset class, or Bitcoin (CRYPTO: BTC), and his public remarks have frequently reflected this pessimism.
What happened: Gates, one of the richest people on the planet, disclosed in May 2022 that he doesn’t hold any cryptocurrencies, adding that he prefers 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, ” Gates stated while responding to a question during an …
About The Author
