Bill Gates isn’t a fan of Bitcoin
Prefers to invest in companies “that make products”
When you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
Unlike several of his ‘big tech’ contemporaries,Microsoftfounder Bill Gates remains immune to the charms ofBitcoin.
In a conversation with Andrew Sorkin on thesocial networkClubhouse, Gates, one of the oldest tech billionaires, revealed that he hasn’t invested in the cryptocurrency that’s caught the fancy of the world.
Despite Bitcoin’s recent record-setting valuations, that’s made some of his younger peers, particularly Tesla’s CEOElon Musk, quite a chunk of change, Gates continues to be immune to the charms of the digital currency.
Real causes
Gates’ disdain for Bitcoin isn’t new. In an earlier interview withBloomberg, he advised people to be cautious putting their savings into Bitcoin.
“Elon has tons of money and he’s very sophisticated, so I don’t worry that his Bitcoin will sort of randomly go up or down,” Gatessaid, adding, “I do think people get bought into these manias, who may not have as much money to spare, so I’m not bullish on Bitcoin, and my general thought would be that, if you have less money than Elon, you should probably watch out.”
When it comes to his money, Gates told Sorkin in his Clubhouse chat, that he prefers to invest in companies “that make products”, and went on to cite malaria and measles vaccines as examples.
The Bill & Melinda Gates Foundation has already gifted more than $2.9 billion in grants to combat the infectious disease particularly in Sub-Saharan Africa and South Asia.
Are you a pro? Subscribe to our newsletter
Sign up to the TechRadar Pro newsletter to get all the top news, opinion, features and guidance your business needs to succeed!
Unlike Tesla’s Musk andJack Dorsey, CEO of Twitter and Square, who are vocal Bitcoin advocates, Gates, along with Berkshire Hathaway’sWarren Buffettare skeptical of the cryptocurrency.
Via:BBC
With almost two decades of writing and reporting on Linux, Mayank Sharma would like everyone to think he’sTechRadar Pro’sexpert on the topic. Of course, he’s just as interested in other computing topics, particularly cybersecurity, cloud, containers, and coding.
7 myths about email security everyone should stop believing
Best Usenet client of 2024
Professionals are facing “tech overload” as they try to juggle multiple devices in the workplace
