Microsoft founder Bill Gates announced that his attitude towards Bitcoin is currently “neutral”.
In a conversation with CNBC today, Gates answered the question of what he thinks about the “huge costs” of electricity for mining cryptocurrency.
“I don’t have bitcoin, I don’t hold a short position on bitcoin. I take a neutral point of view, ”said Gates.
He also revealed that the Bill & Melinda Gates Foundation is engaged in digital transfers and value reduction in developing countries. However, he noted that such transactions can be reversed and completely transparent.
“This has nothing to do with tax evasion and other illegal activities,” he explained.
Talking about his expectations from the cryptocurrency market, the Microsoft founder added:
“Bitcoin can go up and down just because of mania or because of looks. I don’t know how to predict what will be the development in this direction ”.
In a very different way, Gates spoke about Bitcoin in mid-2018.
“This type of investment is the purest embodiment of the big fool theory. I would shortcut it if there was an easy way. I am convinced that bitcoin and ICOs are some of the craziest, most speculative things, ”he said when the cryptocurrency rolled back from its previous all-time high and cost less than $ 10,000.
Billionaire and DoubleLine Capital founder Jeffrey Gundlach, who has earned fame as an avid gold investor, meanwhile, tweeted the following:
I am a long term dollar bear and gold bull but have been neutral on both for over six months. Lots of liquid poured into a funnel creates a torrent. Bitcoin maybe The Stimulus Asset. Doesn’t look like gold is.
— Jeffrey Gundlach (@TruthGundlach) February 18, 2021
“Bitcoin can be a stimulating asset. It doesn’t look like they had gold. ”
In January, after rising above $ 20,000, Gundlach said that Bitcoin was “in bubble territory.”
“At this point I don’t like Bitcoin. I don’t like things that grow with so much volatility. I am not an enemy, but there are times when people get so confused in one part of the boat that I lose faith in its ability to successfully float on the water, ”he said.
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