Bill Gates warns ... Musk is urging investment in Bitcoin

Bill Gates warns ... Musk is urging investment in Bitcoin

While "Elon Musk", the richest man in the world, calls for investment in Bitcoin, "Bill Gates", the American billionaire, has warned against investing in it.

Bill Gates warns ... Musk is urging investment in Bitcoin


Bill Gates, founder of Microsoft, said in an interview with Bloomberg:


"At a time when Elon Musk is driving the cryptocurrency buying frenzy, anyone with less money should avoid investing in Bitcoin and be careful."


"While price fluctuations may not be a source of concern for the likes of Tesla CEO and Musk, the risks will be worrisome to others," he added.


Musk is promoting Bitcoin, believing that investing in Bitcoin is more intelligent than investing in fiat money.


In one of Gates' recent comments he said, "Bitcoin mining is harmful to the environment."


A study discovered that Bitcoin mining consumes more electricity than some countries, such as Argentina, for example.


This week saw a pause in the bitcoin price rally, as it fell from a record $ 58,000 to its current level of around $ 47,300.

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