Bill Gates Explains Why He Doesn't Own Any Cryptocurrency

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"Microsoft cofounder Bill Gates isn’t a fan of cryptocurrency."

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"During an 'Ask Me Anything' exchange on Reddit, Mr Gates said he does not own any cryptocurrency."

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"Mr. Gates, the fourth-richest person in the world, said he does not see any value in crypto investments."

"I don't own any. I like investing in things that have valuable output," Mr Gates, 66, said.

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"He explained that the value of companies is based on how they make great products and not just on how other people see them."

"The value of crypto is just what some other person decides someone else will pay for it, so not adding to society like other investments," he added.

"It's not the first time the billionaire entrepreneur has expressed his reservations about cryptocurrency."

"But his stance now appears more pertinent as the crypto industry faces serious headwinds after the freefall seen in the TerraUSD "stablecoin" last week."

"In the past month, Bitcoin, the world's largest cryptocurrency by market capitalization, has slid 27 per cent and the second-in-line Ethereum lost 36 per cent."

"Several others, including ace investor Warren Buffett, too have voiced their concerns about cryptocurrency."

"For more please visit our website. Click on the link given below."

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