Bill Gates has issued a warning to the world about Elon Musk, urging people to think twice about investing their hard earned money in cryptocurrencies.
The 50-year-old Space X billionaire has been a long time supporter of cryptocurrenices long before they were mainstream.
Musk famously tweeted about Doge coin in December 2020:
One word: Doge
— Elon Musk (@elonmusk) December 20, 2020
In an interview with CNBC, December 2021, the SpaceX founder said:
“The transaction value of Bitcoin is low and the cost per transaction is high. At least at a space level, it is suitable as a store of value. But fundamentally, Bitcoin is not a good substitute for transactional currency.”“The total transaction flow that you do with Dogecoin in transactions per day has a much higher potential than Bitcoin,”
Gates has issued a warning to us mere mortals about the risks involved with investing in the digital currency:
The software developer said:
“Elon has tons of money and he’s very sophisticated so I don’t worry that his Bitcoin will randomly go up or down.
“I do think people get brought into these manias who may not have as much money to spare so I’m not bullish on Bitcoin.
“My thought would be if you have less money than Elon, watch out.”
Bill Gates is not bullish on Bitcoin: "If you have less money than Elon, you should probably watch out," he tells @emilychangtv https://t.co/V7fmKSw0d1 pic.twitter.com/SDVXGddATB
— Bloomberg Technology (@technology) February 23, 2021
So it looks like Gates isn’t bullish about bitcoin.
