Bill Gates Warns Bitcoin Investors, ‘If You Have Less Money Than Elon, You Should Probably Watch Out’

Published by
Benzinga

Microsoft Corp. Co-Founder Bill Gates shared his skeptical views on Bitcoin, distinguishing himself from other tech and celebrity figures who have embraced the cryptocurrency. Gates expressed concern over the volatile nature of Bitcoin, especially how its value could be significantly influenced by social media activity, notably mentioning Tesla Inc. CEO Elon Musk’s posts on X as an example of factors that can sway cryptocurrency prices. In 2021, Tesla invested $1.5 billion in Bitcoin, causing its price to rise. Tesla sold 10% of its holdings in March 2021 for over $250 million when Bitcoin exc…

Read More

See also  The Blockbuster Trade Idea: LeBron James To The Brooklyn Nets For 5 Players And A First-Round Pick

Leave a Reply