Cryptocurrency despite its downfall these days, is being discussed all over the social media. Recently, in one of the discussions like these, Bill Gates gave his opinion about Cryptocurrency which was surprisingly negative.
It all started when one of the fans asked Bill gates about his take on cryptocurrency on the social app “Ask Me Anything”. The guy asked, “Whats your opinion on Crypto Currencies?” to which Bill Gates replied,
“the main feature of cryptocurrencies is their anonymity. I don’t think this is a good thing”
He didn’t stop here and elaborated his views further by saying,
“Right now cryptocurrencies are used for buying fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way. I think the speculative wave around ICOs and cryptocurrencies is super risky for those who go long.”
However, the response of people on the statement was not entirely supportive as well. Some said that “old and rich” know nothing and don’t even need to know about crypto as it does no good to them. While others who are already involved in bitcoin mining had negative remarks to give over his statement.
Despite all the mixed remarks, nobody can deny the fact that any statement coming from such a powerful person like Bill Gates will impact negatively over the phenomenon of cryptocurrency. This was pointed out by another person on social media who said, “Kylie Jenner tweeted negatively about Snapchat and they lost $1.5 billion. Imagine when Bill Gates talks about crypto… Selling all of my cryptos.”