Crypto-Follow logo Crypto-Follow logo
Cryptoknowmics 2022-05-21 07:22:05

Bill Gates Reveals Why He Doesn’t Own Any Cryptocurrency

Microsoft co-founder and fourth-richest person in the world, Bill Gates revealed that he doesn’t own any cryptocurrency as he doesn’t see any value in it. Bill Gates Doesn’t See Any Value in Crypto During an ‘Ask Me Anything‘ post on Reddit, Bill Gates said he does not own any cryptocurrency as he believes that it doesn’t have any value. He explained that the value of companies is based on how they make great products and not just on how other people see them. “I like investing in things that have valuable output. The value of companies is based on how they make great products. The value of crypto is just what some other person decides someone else will pay for it so not adding to society like other investments,” he wrote in the post. This is not the first time the billionaire has expressed his reservations about cryptocurrency. He once warned those getting into crypto investments, especially those who were not as rich as Tesla and Space X CEO Elon Musk. He’s also railed against the environmental impact of crypto, which accounts for a large share of the world’s energy consumption. In 2021, crypto mining accounted for .5% of the electricity used globally.The post Bill Gates Reveals Why He Doesn’t Own Any Cryptocurrency appeared first on Cryptoknowmics-Crypto News and Media Platform.

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer