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This is the Bill Gates who in May 2018 proclaimed that he would short Bitcoin if he could: https://www.cnbc.com/2018/05/07/bill-gates-i-would-short-bitcoin-if-

by TekMol 3y ago

This is the Bill Gates who in May 2018 proclaimed that he would short Bitcoin if he could: https://www.cnbc.com/2018/05/07/bill-gates-i-would-short-bitcoin-if-i-could.html https://www.cnbc.com/2018/05/07/bill-gates-i-would-short-bit... Bitcoin has quadrupled since then. One might want to take this into account when evaluating his ability to predict the future.

IntelMiner 3y ago
If you read beyond the headline (shocking, I know) “As an asset class, you’re not producing anything and so you shouldn’t expect it to go up. It’s kind of a pure ‘greater fool theory’ type of investment,” Gates said on CNBC’s “Squawk Box.” “I agree I would short it if there was an easy way to do it,” he said. Anyone who thinks the entire "value" of crypto isn't a giant pyramid scheme (or pump and dump) is deluding themselves
- kaibee 3y ago
  Anyone who thinks it's a wise financial decision to bet against fools is gonna lose a lot of money.
- kikimora 3y ago
  Just thinking about bitcoin utility. Could it be wise for a country to hold it reserves in Bitcoin. Just in case other country tries to freeze its holding.