Tuesday, February 23, 2021

Index – Tech-Science – Bill Gates says bitcoin is not a good investment


Microsoft founder Bill Gates is not a fan of bitcoin, mainly because of the energy requirements of the cryptocurrency and the resulting environmental impact. Gates also thought it was not worth investing in bitcoin who didn’t have as much money as Elon Musk.

Elon has a lot of money and is very sophisticated, so she doesn’t have to worry about her bitcoin randomly getting expensive or falling

He told Bloomberg.

I think people who don’t have that much extra money go shopping for these mania, so I’m not optimistic about bitcoin, and my general belief is that anyone with less money than Elon should probably be careful.

He added.

Gates explained years ago that the anonymity of cryptocurrencies is not a good thing either. He noted that cryptocurrencies, he said, are a direct cause of death because, because of their unregulated and untraceable, they are favored for financing illegal activities such as drug trafficking or terrorism, or money laundering.

An edible eyeglass frame can still be a good investment

Photo: Bloomberg / Getty Images Hungary

The governor intervenes

Bitcoin fell 13 percent from its previous high of $ 58,354 on Tuesday – a bitcoin cost $ 46,817.

US Federal Reserve Chairman Janet Yellen also criticized the energy demand and environmental devastation of cryptocurrencies.

I don’t think it’s widespread as a transactional mechanism. It is an extremely wasteful way to conduct transactions because it consumes an amazing amount of energy.

Yellen pointed out.





#Index #TechScience #Bill #Gates #bitcoin #good #investment

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Hot Topics

The European Agency and the WHO also gave a recommendation for the elderly – the Society

The first quantities of Astrazeneka's vaccine, 150,000 doses, arrived in Serbia over the weekend, and Marija Gnjatović from the Institute for the Application...

The “SEHA” Radiology Conference explores the latest innovations and technological developments – UAE – News and Reports

The Abu Dhabi Health Services Company, "SEHA", organized the 10th session of the "SEHA" International Conference on Radiology recently, which comes in line...

Suspect confesses to killing critical Maltese journalist in 2017 | NOW

A suspect in the killing of Maltese anti-corruption journalist Daphne Caruana...

Related Articles

The European Agency and the WHO also gave a recommendation for the elderly – the Society

The first quantities of Astrazeneka's vaccine, 150,000 doses, arrived in Serbia over the weekend, and Marija Gnjatović from the Institute for the Application...

The “SEHA” Radiology Conference explores the latest innovations and technological developments – UAE – News and Reports

The Abu Dhabi Health Services Company, "SEHA", organized the 10th session of the "SEHA" International Conference on Radiology recently, which comes in line...

Suspect confesses to killing critical Maltese journalist in 2017 | NOW

A suspect in the killing of Maltese anti-corruption journalist Daphne Caruana...