As time has continued to pass-by, several people who were once against the ideology that went behind cryptocurrencies have either started turning neutral or proponents. When talking about such people, Bill Gates is also one of the billionaires who were once bearish about Bitcoin (BTC).
As Bitcoin has continued taking over the entire crypto-industry, Bill Gates’ views are also changing about it. He has now become neutral when it comes to making investments in Bitcoin (BTC) where he is neither suggesting nor recommending anyone to invest in it.
However, the recent statement made by Bill Gates is not turning out to be very supportive and uplifting for the cryptocurrency industry. According to him, cryptocurrencies are an innovation that the entire world is better off without their existence.
He stated that cryptocurrencies have turned out to be one of the main reasons why illicit activities such as criminal, money-laundering, and terrorist funding have surged.
Bill Gates talked about Bitcoin (BTC) and cryptocurrencies on two different occasions while being interviewed by new channels.
On the second occasion, Bill Gates was interviewed by the representatives at the CNBC channel. There, Bill Gates was asked to comment on Bitcoin (BTC) and how it has affected the climate. The hosts also shared their concerns over the amount of power and energy Bitcoin (BTC) consumes in order to be mined.
To which Bill Gates stated that he neither owns Bitcoin (BTC) nor he wishes to buy or sell them but this can also change. This is the reason why he would rather stay neutral and have a neutral view around the topic than talk otherwise.
He stated that Bitcoin (BTC) has managed to fluctuate, go up and down, no matter the market stance or sentiment. This makes it an entirely unpredictable asset and something that he would not want to ever predict.
He stated that he can neither predict when it is going to go up nor he can predict when it is going to go down. Therefore, he cannot say how Bitcoin (BTC) would behave and progress in near future.
Even on the first occasion, Bill Gates was interviewed by CNBC back in 2018 while he was being accompanied by Warren Buffett and Charlie Munger. At that time Bill Gates had passed very negative remarks about Bitcoin (BTC).
During the interview, Bill Gates had stated that Bitcoin (BTC) is just a worthless currency that is unregulated and uncontrolled. The very nature of the currency makes it unreliable and unsafe for making investments.
Back in 2018 when Bill Gates was interviewed, the price of Bitcoin (BTC) was sitting at $11k per BTC. From 2018 until today, the price of Bitcoin (BTC) has only surged and at the time of publishing, its prices are sitting at $57.3k per BTC.