Bill Gates Says He's 'Neutral' on Bitcoin
Gates has previously criticized cryptocurrencies and said he'd short bitcoin "if there was an easy way to do it."
Feb 18, 2021 at 3:25 p.m. UTCUpdated Aug 19, 2021 at 7:21 a.m. UTC
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Bill Gates has said he has a "neutral view" on bitcoin, but does recognize the importance of bringing down the costs of moving money.
- The Microsoft co-founder said that digitizing money and bringing down transaction costs is "something the Gates Foundation does in developing countries."
- The Foundation takes a focus on reversing charges and adding greater transparency, rather than protecting anonymity, he added.
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- Gates further pointed to the volatility of bitcoin driven by "mania" and the difficulty of predicting how prices will progress.
- He previously said in May 2018 that he would short bitcoin "if there was an easy way to do it" and that he had been given a bitcoin as a birthday present but sold it shortly after.
- Crypto enthusiasts were less than happy during a 2018 Reddit AMA when Gates claimed the anonymity of cryptocurrency had "caused deaths in a fairly direct way".
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