Bill Gates Thoughts On Cryptocurrency

Bill gates thoughts on cryptocurrency

In a recent AMA on Reddit, Bill Gates made some very negative comments about cryptocurrency, saying that the technology "causes deaths in a very direct way."

Answering a question about his thoughts on cryptocurrency, Gates said:

The main feature of crypto currencies is their anonymity.

Bill gates thoughts on cryptocurrency

I don’t think this is a good thing. The Governments ability to find  money laundering and tax evasion and terrorist funding is a good thing. Right now crypto currencies are used for buying fentanyl and other drugs  so it is a rare technology that has caused deaths in a fairly direct  way.

Cryptocurrency Predictions 2020 - Elon Musk, Bill Gates, John McAfee, Jack Dorsey Views- Simplilearn

I think the speculative wave around ICOs and crypto currencies is  super risky for those who go long.

The reactions to his comments were awesome, with many people pointing out that the US dollar, and even Microsoft itself, is guilty of funding terrorism.

Below is a screenshot of the exchange.

Gates is the most recent in a long line of elitist who have made comments in favor of regulating or outright banning crypto.

Bill gates thoughts on cryptocurrency

Any government in the world would have a serious fight on their hands if they attempted to ban cryptocurrencies, and it would be an extremely difficult policy for them to enforce even if they tried. If one country bans cryptocurrency, the companies, exchanges, miners and online infrastructure will simply move to another country and the people in that country will still be able to use and access cryptocurrencies using VPN’s and anonymous browsers like TOR.


Bill gates thoughts on cryptocurrency

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Bill gates thoughts on cryptocurrency

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