First mentioned: 02/10/2014
Last mentioned: 07/05/2018
Total mentions: 2
Most mentions: 2018
Bill Gates, an American entrepreneur, investor, philanthropist, and author, gained prominence as the co-founder of Microsoft. Recognized as the world's wealthiest individual by Forbes, he maintained this status in all years except 2008 and during the period from 2010 to 2013.
Bill Gates on Bitcoin
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If Gates had the option, he confirmed he would short Bitcoin if given the opportunity. "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,"... "I agree I would short it if there was an easy way to do it." Bill Gates is a traditional investor, and not known to invest in anything notational.
Bitcoin is often praised for its capability to provide rapid and cost-effective international fund transfers. This functionality is one of the main differenced between itself and traditional currency. "Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than currency in that you don't have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient."
