Bill Gates Expressed Skepticism Towards Bitcoin: ‘I Would Short It’ If Possible
Posted On December 29, 2024
Microsoft co-founder Bill Gates once voiced his doubts about Bitcoin (CRYPTO: BTC), stating that he would bet against the cryptocurrency if given the opportunity.
What Happened: During an interview in 2018, Gates criticized Bitcoin’s lack of productivity as an asset class.
“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 told CNBC.
He further added, “I agree I would short it if there was an easy way to do it.”
Despite his criticism of Bitcoin and Initial Coin …
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