Microsoft big shot, Bill Gates has detached himself from Bitcoin (BTC) investing, disregarding fellow American entrepreneur Elon Musk’s crypto moves – while talking up a digital money or payments foundation to some BTC advocates will sound very familiar.
In an interview with Bloomberg, Gates emphasized that he is “not bullish” on bitcoin stating,
“I think people who may not have as much money to spare get drawn into these manias. So I’m not bullish on bitcoin. My general thought would be [that] if you have less money than Elon, you should probably watch out.”
The remarks come just days after Gates told CNBC much the same thing about BTC – and “digital money.”
He informed the media outlet that he does not own any bitcoin and is not “short bitcoin.” He, however, added that,
“I do think moving money into a more digital form and getting transaction costs down, that’s something the Gates Foundation does in developing countries.”
In the most recent interview, he again stated the foundation and its work with a “digital currency.”
“But those are things where you can see who’s making the transaction. So digital money is a good thing. There’s a different approach that’s a local currency, unattributed and you know deals with all the money laundering and terrorism type regulations and yet gives you the convenience and the low cost of a transaction.”
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