Elon Musk challenges ... Bill Gates announces his stance on investing in Bitcoin and cryptocurrencies
At a time when most of the major companies in the world in addition to government institutions, such as the Canadian Stock Exchange, are investing in the cryptocurrency Bitcoin, the businessman and the third richest man in the world, Bill Gates, explained his position on investing in Bitcoin like other businessmen, including Elon Mask.
According to Yahoo Finance, Microsoft businessman and founder Bill Gates told the New York Times earlier, defining his position on Bitcoin, as he said he was concerned about the currency that uses electricity in a way more than any method known to mankind.
Gates said that he is concerned about the impact of Bitcoin on climate change, but at the same time he stated that there is a more effective way to deal with digital currencies that will not require such a high use of electricity, which indicates the possibility of using it for another cryptocurrency other than Bitcoin.
He also said that Elon Musk has a lot of money and he is very sophisticated in investing in Bitcoin, “so I am not concerned that his bitcoin will rise or fall randomly, so I am not optimistic about the currency, and my general idea is that if you have less money than Musk, you will probably monitor the situation better. "
He added that Bitcoin could also cause problems for investors who may not have much money to pound, given how volatile the currency's price is.
Gates, a philanthropist and climate activist, put his book "How to Avoid a Climate Disaster" for sale recently, had previously said that cryptocurrencies caused deaths in a somewhat direct way, and he believes that anonymity is behind Bitcoin transactions are not a good thing.
Earlier, reports revealed that Gates collaborated with Blackstone Blackstone to try to buy Signature Aviation, the largest private aircraft operator in the world, which made researchers at Lund University accuse him of being one of the most polluting sources of air.
