There’s no escaping the Bitcoin issue. Bill Gates chooses not to invest in BTC, but to remain neutral. On the other hand, his foundation does not prohibit the use of digital currencies, except for cryptomoney.
So, Bitcoin or not? It’s hard right now for big money and bosses to escape the Bitcoin question. Dara Khosrowshahi has already done so, as has her counterpart at Microsoft.
Now it is the turn of Bill Gates, the current 4th largest fortune in the world, to give his opinion on cryptomoney. Opinion, or rather no opinion in the case of Microsoft’s founder?
Cryptonics? « It’d be nice to get rid of it. »
« I don’t own Bitcoin, I’m not short on Bitcoin. I’m not short on Bitcoin, so I’ve taken a neutral point of view, » says the billionaire, now a philanthropist. And if Bill Gates owned a Bitcoin, a birthday present, he no longer owns it.
On CNBC, the former tech boss claims to be neutral. However, in an interview for the Wall Street Journal, he makes no secret of his lack of interest in crypto-money. So the world can do without this innovation, he says.
« The way cryptography works today allows certain criminal activities. It would be a good idea to get rid of it, » says Gates. « I probably should have talked about biological weapons. It’s a very bad thing, » he insists.
Gates is no stranger to cryptography and the BTC. He would probably be more inclined to go for central bank digital currencies, or even private but regulated currencies.
Bitcoin is unpredictable for Bill Gates
« I think transferring money in a more digital form and reducing transaction costs is something the Gates Foundation is doing in developing countries, » he told CNBC.
It makes sense to him. But Bitcoin and its speculative applications are far from delighting him. Bill Gates is neutral, but some of his statements are not neutral. Yet the billionaire seems to take into account the institutionalization of Bitcoin.
« Bitcoin can go up and down just based on mania or opinion, and I have no way of predicting how that will evolve, » the former Microsoft boss says. In the past, however, his positions were more categorical.
« As an asset class, you don’t produce anything, so you can’t expect it to increase. It’s a kind of pure « big fool theory », » Gates said in 2018. As for Bitcoin and ICOs, he called them « crazy and speculative » investments. However, this madness nowadays has a serious air of respectability in the financial world.