Microsoft co-founder Bill Gates recently explained on a Reddit site ‘Ask Me Anything’ why he did not invest in cryptocurrency.
While the values of all the leading cryptocurrencies, including Bitcoin, are currently declining, Bill Gates has now explained why not a single dollar has been invested in cryptocurrency.
In it, Bill Gates says, “I want to invest in things that give me good returns, in order to give good value for the money I invest.
The value of companies is that their value rises based on how well they bring the best products. The value of crypto, to what extent others buy it, is determined on their basis.
So I am not interested in investing in it like other investments. So far, not a single dollar has been invested. ”
Shares are determined by a company’s performance, income, and business. But it is worth noting that Bitcoin is priced based on demand in the market. Real Time Top 10 Billionaires in the World 2022.
In addition, he explained that crypto is only an investment and it is nothing, we pay for it as someone else decides. I am not interested in investing in things that are controlled by someone else.
So it is not like other investments. In addition, he warned those interested in investing in crypto. He warned that one should be very careful while investing in Bitcoin called BTC as it will incur severe financial loss.
He advised everyone with less money than Elon Musk to “be very careful” in this investment being made digitally.
Many of the world’s richest people, including Elon Musk of Tesla’s Elon Musk and Twitter founder Jack Dorsey, have largely supported and invested heavily in cryptocurrency. It is noteworthy that Microsoft’s Bill Gates has stated the exact opposite.