Bill Gates – I have a Neutral View on Bitcoin February 19, 2021 February 19, 2021 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Bitcoin NewsFebruary 19, 2021 by Kelly Cromley

Bill Gates – I have a Neutral View on Bitcoin

Bill Gates, co-founder of Microsoft, has made an attempt to distance himself from the crypto boom and Bitcoin adoption in particular. While speaking to CNBC’s Squawk Box, Gates pointed out that he has not invested in Bitcoin (BTC) and does not want to make any forecast on price trend.

Gates said “I don’t own Bitcoin, I’m not short Bitcoin, so I’ve taken a neutral view. Bitcoin can go up and down just based on the mania or whatever the views are. I don’t have a way of predicting how that will progress.”

Nevertheless, Gates seems to highlight his point of view that digital currency is being used outside developing countries “tax avoidance or illegal activity.” He also revealed that his philanthropy work via the Bill & Melinda Gates Foundation transfers “money into a more digital form,” with “total visibility of who’s doing what.”

The statement made by Gates reflects his earlier opinion issued three years back in Reddit AMA. At that time, Gates was cynical about the anonymity offered by cryptos and linked them with drug dealers. The former CEO of Microsoft even came to the extent of blaming the technology for “deaths in a fairly direct way.”

Even though Gates no longer serves the board of Microsoft, his opinion on cryptos and Bitcoin in particular mirrors that of tech industry. Notably, Microsoft president Brad Smith has stated that the firm has no intention to invest in Bitcoin.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.