Several others dropped in value over the past 24 hours as well, including Ethereum, which is down more than 6 percent, according. Gates, also on cnbc Monday, placed bitcoin under the "greater fool theory" concept that says the price of an object is not determined by its intrinsic value, but rather by an irrational belief and expectation that market participants will pay an even. Gates told, cNBC that Bitcoin is "one of the crazier, speculative things" he's seen, and that he would "short it if there was an easy way to." In the investment world, shorting is when you. Bill Gates has been very optimistic about bitcoins. Gates, who is on the board of Buffett's Berkshire Hathaway, said that a friend gifted him bitcoin several years ago but he sold it soon afterward. It is amazing how the matrix math with complex numbers works nature is doing arbitrary computation but it is tricky to access. I dont think this is a good thing.
Bill, gates : I would short bitcoin if I could
"In terms of cryptocurrencies, generally, I can say with almost certainty that they bill gates on bitcoin value will come to a bad ending Munger said. There is no shortage of believers in Bitcoin and its underlying blockchain technology, but when it comes to investing in the cryptocurrency, billionaires Warren Buffett and Bill Gates both think it's a bad idea. Buffett also spoke negatively of Bitcoin, telling cnbc it's "probably rat poison squared" while presiding at the Bershire Hathaway 2018 annual shareholder meeting on Saturday. We're more concerned with what effect it all has on GPU pricing. Reuters "As an asset class, you're not producing anything and so you shouldn't expect it to go up said Gates. He described the futile purchase of cryptocurrencies as two people "just sitting there" inside their own home trading it back and forth because "if you don't understand it, you get much more excited.".
Bill, gates on, bitcoin : Bitcoin
Billionaires Warren Buffett and Bill Gates both derided bitcoin as a very poor investment on several levels, with Gates referring to the cryptocurrency as one of the "crazier" ways to invest one's money. Bitcoin and cryptocurrencies are kind of a pure 'greater fool type of investment. To a follow-up to his open letter to fans on the same topic two weeks ago, he also posted a separate thread on Reddit, asking users the reason behind the optimism for the future despite all the negative headlines of the day. Billionaires Warren Buffett and Bill Gates both recently derided bitcoin as a very poor investment on several levels, with Gates referring to the cryptocurrency as one of the "crazier" ways to invest one's money. For some word documents, I use tabs. Further, he also goes on explaining how the notion of anonymity can be misused for illegal transactions to fund terrorists, to buy Fentanyl and other drugs, which has caused deaths in a fairly direct way. I think the speculative wave around ICOs and crypto currencies is super risky for those who go long. 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. "Bitcoin and ICOs, I believe completely they're some of the crazier, speculative things.". Charlie Munger, Berkshire's vice chairman, echoed those comments saying that trading in cryptocurrencies is "just dementia likening it to somebody else "trading turds and you decide you can't be left out. Photo by Ramin Talaie/Getty Images, in a Reddit Ask Me Anything session on Tuesday, the richest man in the world and Microsofts principal founder Bill Gates was asked for his thoughts on Bitcoin and cryptocurrency in general. The comments from the Microsoft and Berkshire Hathaway billionaires come as nearly all bitcoin and bitcoin futures stocks are seeing price declines since markets opened Monday. The Governments sic ability to find money laundering and tax evasion and terrorist funding is a good thing.
What happened when, bill, gates got bitcoin as a birthday present
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Bill, gates, says bitcoin, is Better Than Currency" - Coin Brief
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