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Bill Gates Reveals Having Neutral View on Bitcoin

by Lisa Zheng
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Lately, many pioneering tech leaders have shared their views about the largest cryptocurrency in the world. With Bitcoin getting a lot of mainstream attention and its price soaring to newer heights each day, it is imperative that leading names in financial markets are often asked to comment.

Recently Bill Gates has expressed that he has a neutral view on Bitcoin.

Bill Gates Says  He is Not Short of Bitcoin

The founder of Microsoft Inc, Bill Gates, appeared in an interview with CNBC this week and expressed his views on Bitcoin and its increasing popularity. He revealed that “I don’t own bitcoin. I’m not short bitcoin.”.

The co-founder of one of the oldest and largest tech firms globally, billionaire philanthropist and highly powerful person in the world, Bill Gates views on Bitcoin can make a substantial impact on the markets. While Bill Gates said that he does not hold any Bitcoin, he clarified that he does not disapprove of the cryptocurrency. He noted that there is a need for digital financial systems and lowering the overall transaction costs. He also mentioned that the Bill and Melinda Gates Foundation, involved in global scale charitable works, is doing something of the same sorts in developing countries. The much-revered foundation intends to add much transparency in the systems and presses on reducing transaction charges.

Lately, a lot of discussion and debates are happening, keeping Bitcoin and cryptocurrency in focus. Elon Musk, the wealthiest person in the world and founder of SpaceX and Tesla, has shown much affinity towards Bitcoin. He frequently comments on Bitcoin through his tweets and interviews. Recently he changed his Twitter bio to #Bitcoin, creating a stir in crypto markets. While Elon Musk comments on Bitcoin and other cryptos in a rather dramatic manner, Bill Gates has kept it subtle.  Gates mentioned that Bitcoin volatility is often based on the underlying mania, and one cannot decipher the reasons behind its price action. He further added that it is quite hard to predict the price of Bitcoin. On Thursday, Bill Gates revealed that he has a neutral view on Bitcoin; however, things were different around three years back. In May 2018, Bill Gates mentioned that he sold Bitcoin he received as a birthday gift from someone. He said that if there were an easy way to short Bitcoin, he would do it.


The information discussed by The Coin Magazine is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Do your due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright The Coin Magazine All rights reserved.

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