Microsoft’s legendry founder Bill Gates has claimed that investing in Bitcoin is a bad idea unless you are as rich as Elon Musk. Gates strongly hinted that Bitcoin and cryptos are only meant for rich people and not for saving oriented middle-class people.
The Tech Mogul expressed his views in response to a question asked during a public interview that was conducted in February. This interview was given to Bloomberg and for strange reasons the interview has been going viral since past few hours.
The particular question that spurred this response tired to sought answer from Gates about whether in coming years Musk has the potential to make more money from his Bitcoin investment rather than selling Tesla cars.
If we were to quote Gates precisely then this is what he said “Elon has tons of money and he is very sophisticated so I don’t worry that his Bitcoin will randomly go up or down.
I don’t think people get bought into these mania who may not have as much money to spare so I’m not bullish on Bitcoin.
My thought would be if you have less money than Elon then watch out.”
Musk’s love for Bitcoin is known to the entire world. Like many things in his life, he has displayed his love for cryptos with great candour, more so on a Twitter. Last year, the space and tech mogul showed to the world the huge volatility that his few tweets could cause in Crypto prices.
If not for Musk’s Twitter power, internet meme Dogecoin would not have become such a global rage.
Among all the global icons, Musk is probably the most high-profile supporters of cryptos.
Meanwhile, Gates not so favorable views about Bitcoin is least surprising. Most tech moguls have a polarizing views about cryptocurrencies. Barely hours before Gates lates views about bitcoin became viral, Apple’s co-founder Steve Wozniak termed Bitcoin as “pure gold mathematics.”