Bill gates and bitcoin

Microsoft Corp. The philanthropist explained that he is not keen on Bitcoin, primarily because of the amount of electricity it consumes and the promotion of irreversible anonymous transactions. Musk has been increasingly tweeting about cryptocurrencies this year, in particular, the joke cryptocurrency Dogecoin DOGE. Price Action: Bitcoin traded Tesla shares are down 3.

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WATCH RELATED VIDEO: Bill Gates' view on Bitcoin in the years (2018 - 2021)

Bill Gates – Bitcoin is a Greater Fool Investment

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In order to create your account we need you to provide your email address. You can check out our Privacy Policy to see how we safeguard and use the information you provide us with. If your Facebook account does not have an attached e-mail address, you'll need to add that before you can sign up. Please contact us at contact globalcitizen. Bitcoin, Litecoin, Ethereum, and all the other cryptocurrencies are often described as part of a get-rich-quick fad, a diversion for wealthy or clueless investors.

In a video message for a forum on cryptocurrency, the Microsoft founder said that 2. He said that expanding digital financial access should be a global humanitarian priority.

Gates went on to compare the potential of universal financial access to vaccines and high yielding crops, which have helped billions of people around the world.

Greater access to financial services would allow people to build up credit, accumulate savings, access loans to expand business operations, purchase insurance to protect against crop loss, and more. Further, inclusion in formal financial systems can allow people to receive better government services, and obtain payments for work more reliably.

Over the past few decades, Gates has worked to end extreme poverty around the world through the Bill and Melinda Gates Foundation. Editor's note: This piece has been updated to include a disclosure that the Bill and Melinda Gates Foundation is a funding partner of Global Citizen. We regret the oversight. Sign up Sign in with Facebook Sign in with Apple or. Rerequest with Facebook. This account has been deactivated. Why Global Citizens Should Care.

Globally, more than 2. You can join us in taking action on this issue here.

Bill Gates and Other Powerful People Who Hate (or Love) Bitcoin

Microsoft co-founder Bill Gates said Monday he would bet against bitcoin if he could. He added someone once gave him some bitcoin for his birthday, but he sold it a few years afterward. Cryptocurrencies can in fact be shorted — futures and put options for bitcoin have been made available through some exchanges, for instance — but making bets against virtual currencies is not as easy as it is for more established assets such as corporate shares. Like many critics of the cryptocurrency price surge, Gates did say the underlying blockchain technology had its merits. Blockchain eliminates the need for a third-party intermediary, such as a bank, by quickly creating a secure, permanent record of a transaction between two parties. Bitcoin is the first application of blockchain technology, and companies are exploring ways to apply blockchain to supply chain management, trading and other areas. Gates is on the board of Warren Buffett 's Berkshire Hathaway and was speaking from Omaha, Nebraska, where the conglomerate held its annual shareholders meeting over the weekend.

Bill Gates Says He's 'Neutral' on Bitcoin · Gates has previously criticized cryptocurrencies and said he'd short bitcoin "if there was an easy way to do it.".

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The focus now is however shifting towards the massive power consumption that is needed in order to sustain this particular online currency. An article by Bill Gates noted in an article by Entrepreneur that Bitcoin requires an alarming amount of electricity just to power up the particular online currency. The total energy consumption needed in the whole bitcoin mining process could reportedly reach TWh, this year alone. This is reportedly 0. This is reportedly more than the entire electricity consumption of Norway. According to George Kamiy in an article by Science Alert, an International Energy Agency analyst, the numbers can really appear quite large when they are compared to some medium-sized countries relying on emerging technologies just like electric vehicles which 80 TWh back in This is however still smaller when it is compared to the other end-users. Google's entire operation reportedly consumes a whopping

"If You Have Less Money Than Elon...": In Gates Vs Musk, A Bitcoin Warning

bill gates and bitcoin

Cryptocurrency is, without doubt, the rave of the moment and every money savvy individual out there is hopping into the crypto train. The digital currency has dominated the headlines for many years now and a lot has been said by analysts and smart investors. Today we want to look at what top business leaders and billionaires have said about investing in cryptocurrency. These men represent the 4th, 5th, and 7th richest men in the world respectively.

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Bill Gates says not keen about Bitcoin

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Musk appeared to ballyhoo Bitcoin following his investment and has playfully tweeted about Dogecoin , a cryptocurrency launched as a parody. Musk is making money on crypto, and his often light-hearted tweets suggest he's laughing all the way to the bank. Gates appears to be concerned about individual investors who may be dazzled by Bitcoin's recent rise. My general thought would be that if you have less money than Elon, you should probably watch out. In a follow-up exchange on an invitation-only chat line, Gates said he hasn't invested in Bitcoin, preferring to put his money into companies "that make products.

Microsoft founder Bill Gates has warned investors with less money than Elon Musk, CEO of Tesla, to be wary of bitcoin. Musk used pro-bitcoin.

Bill Gates Says Bitcoin Is Bad for the Planet. He’s Not Wrong.

However, Gates quickly added that his foundation focuses on using forms of digital currency in order to reduce transaction costs in developing countries. He added:. But, there we do it so you can reverse the transaction… so you have total visibility of who is doing what.

Bill Gates 'betting On Total Collapse Of Bitcoin' As Cryptocurrency Slumps: Analysts

RELATED VIDEO: Bill Gates: The Bitcoin Panic of 2021

We would all think Bill Gates, the founder of the most popular operating system in the world Microsoft Windows would be up to date with technology. Bill Gates is an American business magnate, investor, author and humanitarian well known for founding Microsoft. It is a theory which suggests the cycle will keep continuing with hopes of a higher buy price. Even Goldman Sachs has plans to enter into the Bitcoin future contracts field. Shorting is defined as a method of trading to make a profit from the declining value of an asset.

Bill Gates has invested millions of dollars in all kinds of businesses and start-ups. The technology mogul, however, admits to holding zero cryptocurrencies.

Bill Gates on Bitcoin: ‘Watch out if you have less money than Elon’

The Twitter accounts of several prominent public figures including Bill Gates, Joe Biden, Elon Musk and Bill Gates have been hacked by cyber-attackers with the intention of spreading a bitcoin-related scam. As part of the attack, the hacked accounts each tweeted a link and implored their millions of followers to send bitcoin to the address, promising to send back double the donated amount back to the sender. Twitter has acknowledged the incident, with the Twitter Support account promising users that a solution is being worked on. Later, many Twitter users began reporting an inability to create tweets, seeing error messages reading, "This request looks like it may be automated. To protect users from spam and other malicious activity, we can't complete this action right now. Please try again later. The error was confirmed as being related to the attack this morning when Twitter Support created a thread linked to its previous tweet.

There are so many better crypto-currencies. Better for the environment because they use proof-of-stake, and not proof-of-work. Better for users because transactions are confirmed in seconds, not hours, and without the ridiculous fees that Bitcoin has. I think this shows how truly powerful the network effect, and being first to market is.

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  1. Mek

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