Bill Gates: I’m not bullish on bitcoin

Microsoft’s boss and the third richest person, Bill Gates warned investors during his assessment of cryptocurrencies. He referred to Elon Musk’s large amount of Bitcoin investment, Gates said, “If you are not the richest person in the world, you should not buy Bitcoin.”

Bill Gates

Bill Gates, who used to be the richest person in the world, stated that he is not bullish on bitcoin.

“Elon has a lot of money and he can be very versatile. I do not care whether his Bitcoins go up or down,” Gates said, referring to Elon Musk’s $ 1.5 billion Bitcoin investment. 

Stating that Bitcoin investors should be careful, Gates said, “If you have less money than Elon, you should be careful.”

Bill Gates, the founder of the US-based technology company Microsoft, had also said that in a recent interview that Bitcoin mining is bad for the environment due to its excessive energy use. He said it harmed the climate.

Elon Musk on Bitcoin

Despite his investment of $ 1.5 billion, Musk pointed out that there is excessive pricing in Bitcoin. Gates, Warren Buffett and the US Treasury Secretary Janet Yellen were among those who were critical of Bitcoin lately.

Billionaire investor Warren Buffett emphasized that cryptocurrencies do not have any value and do not produce anything.

On the subject of Bitcoin, Yellen used the expressions including “Bitcoin is very speculative, people should be careful. The cryptocurrency, which is often used for illegal finance, is inefficient.”

Meanwhile, Bitcoin prices rose rapidly, especially with Tesla’s $ 1.5 billion Bitcoin investment, of which Musk was the boss, and reached the $ 59,000 limit. 

Elon Musk had already changed his Twitter bio to #bitcoin and it brought a dramatic increase in the value of the leading cryptocurrency.

Musk’s choice of Bitcoin investment was perceived as a sign of a new era due to the increasing interest of companies in the crypto money market, thus stimulating the demand in the crypto money market. 

In the following days, Musk drew attention to the excessive pricing in Bitcoin this time, and the prices of Bitcoin were pulled below $ 50,000.

SEE ALSO: IS IT TOO LATE TO BUY BITCOIN? ≫≫ 

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