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Why Bill Gates is not a fan of cryptocurrencies: “I like to invest in things that have valuable results”

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“I like to invest in things that have valuable results. The value of companies is based on the way they make great products. Crypto value is exactly what another person decides that someone else will pay for it, so it doesn’t add to the company like other investments, “he said.

Gates has previously expressed some skepticism about Bitcoin. In an interview with Bloomberg in February, the billionaire expressed concern about ordinary people who are drawn to the Bitcoin frenzy.

He’s probably right. The cryptocurrency market is in free fall after the collapse of the TerraUSD stable last week, bringing with it other digital currencies. Bitcoin fell 27% this month, while Ethereum fell 36%.

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“If you have less money than Elon, you should probably be careful,” he said in February.

Gates addressed a wide range of topics during the AMA. He again denied the aberrant conspiracy theory that he wants to target people by implanting microchips in their heads through vaccines.

“Why would I want to know where people are? What would I do with the information? ” specified the quoted source.

On the question of whether billionaires should pay more taxes, Gates, who previously said he would pay more taxes, warned that too much growth could lead to more tax evaders.

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