Now Loading

“GREATER-FOOL THEORY” BILL GATES ON CRYPTO

“GREATER-FOOL THEORY” BILL GATES ON CRYPTO

"Obviously, expensive digital images of monkeys will greatly improve the world," Gates said sarcastically at a ceremony in Berkeley, California, hosted by TechCrunch. He said he is not tall and short in the estate category.


Gates has previously criticized crypto, arguing with Elon Musk last year about how Bitcoin is too dangerous for commercial investors and the natural damage to mining coins. Speaking on Tuesday as the founder of Breakthrough Energy Ventures, a climate-focused fund he started in 2015, Gates noted the difficulty in hiring Silicon Valley engineers to work in industries such as chemicals and metal production that require low emissions.


Bitcoin fell more than 15% on Monday and another 5.4% on Tuesday, which is part of a wider crypto-currency trade driven by US inflation beyond forecast and suspension of withdrawals by the Celsius lending platform. Famous NFT collections, including the popular Bored Ape Yacht Club (BAYC), are also hit hard.


Gates also defended the digital banking efforts he backed up with his philanthropic foundations, describing them as "hundreds of times more efficient" than cryptocurrencies.


Michael Bloomberg, founder and co-owner of Bloomberg LP, is a supporter of Breakthrough Energy Ventures.

Source: yahoo




How do you feel about this blog?

0 Comments

Leave a Reply