Assets, Bitcoin

What Does Bill Gates Think About Bitcoin?

Bill Gates has been a long-time advocate for cryptocurrency and blockchain technology. In a recent interview, he even went so far as to say that Bitcoin is “better than currency.

” Here’s what Gates had to say about Bitcoin, cryptocurrency, and blockchain technology.

“Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient,” Gates told CNBC.

Gates went on to say that the main advantage of Bitcoin is its anonymity. “The main feature of crypto currencies is their anonymity. I don’t think this is a good thing,” Gates said.

“The government’s 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.”.

Despite his reservations about anonymity, Gates still sees the potential in cryptocurrency and blockchain technology. ” cryptocurrencies are a rare technology that has caused deaths in a fairly direct way.”

“I’m not against cryptocurrencies,” Gates said. “I’m just against anonymous transactions . In general, I think the idea of an anonymous transaction where nobody knows what’s going on but there’s some core set of people who can unlock it is valid.

“.

Gates concluded by saying that he is “open-minded” about the potential of cryptocurrency and blockchain technology.

In conclusion, Bill Gates thinks that Bitcoin is better than currency, but he has reservations about the anonymous nature of cryptocurrency transactions. He still sees the potential in cryptocurrency and blockchain technology, and he is open-minded about their potential uses.

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