‘I have taken a neutral stance on Bitcoin’, Bill Gates declares
As the world’s biggest cryptocurrency gains more adoption and price growth, recently hitting a new all-time high of $50,000, Microsoft founder Bill Gates has disclosed that he has taken a neutral stance on the digital asset.
Bill Gates made this known while speaking with CNBC, pointing out that he neither invested in Bitcoin nor would like to speculate on the top Crypto’s current price movements.
According to him,
“I don’t own Bitcoin, I’m not short Bitcoin, so I’ve taken a neutral view. Bitcoin can go up and down just based on the mania or whatever the views are. I don’t have a way of predicting how that will progress.”
However, Bill Gates, a renowned philanthropist, disclosed that his foundation had utilized digital assets to reduce transaction costs while sending funds to developing regions.
Bill Gates changing crypto stance
It’s important to note that the Microsoft founder has not always been neutral about digital currency. In 2018, Bill Gates condemned Bitcoin, noting that cryptocurrencies were killing people in a “fairly direct way.”
The billions had previously voiced his disapproval of digital currency’s anonymous nature, noting that they can be easily used for money laundering, terrorist funding, and other illegal activities.
Similarly, in May 2018, in an interview with CNBC, Bill Gates had described cryptocurrency as a ‘fool theory’ type of investment.
“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.
Other influential individuals adopting Crypto
It is important to note that although Bill Gates has chosen to remain neutral in his stance towards bitcoin and other digital assets. Many other influential individuals have been declaring their support for the top Crypto.
Tesla CEO Elon Musk recently disclosed his support for Bitcoin. In a ClubHouse Livestream, he explained that he wished he had invested in Bitcoin a long time ago.
Similarly, Maisie Williams, a popular actress and Game of Thrones star among several celebrities like Rapper Kanye West, Mike Tyson, has also disclosed their Bitcoin support.
Notably, the recent massive adoption has been credited as the reason for Bitcoin’s recent bullish run. Currently trading as of the time of writing, the top Crypto was trading at $52,000.