Microsoft founder bill gates (Bill Gates) continued his criticism of bitcoin and other cryptocurrencies. In the transmission of CNBC “Squawk Box” gates said that they are the pure example of “the theory of the greater fool” investment.
“As this asset class with which you produce nothing, therefore we should not expect that it would rise. It is a kind of net type of investment “theory fool,” said gates.
In February, he was accused of crypto-currencies in the death of people because of their anonymous nature helps to buy drugs.
Now he saw that would put against bitcoin, if there was an easy way to do it. According to him, when he gave BTC for his birthday, he sold the cryptocurrency in a few years.
“Bitcoin and ICO, I believe, one of the most crazy and speculative things,” — said bill gates.
At the same time, like many other critics of the cryptocurrency, the founder of Microsoft, recognized the benefits of blockchain technology, on which they are based.
Gates participated in the transfer, together with Warren Buffett (Warren Buffett) and Charlie Munger (Charlie Munger), which informed the shareholders of Berkshire Hathaway, negative perception about bitcoin and other cryptocurrencies.
They added share of criticism now. Buffett said that “bitcoin is an asset that creates nothing”. And Munger called the first cryptocurrency “useless artificial gold”.