Bill Gates, founder of Microsoft, has told during an AMA session on Reddit that he does not own cryptocurrencies.
He has explained:
"I like investing in things that have valuable output. The value of companies is based on how they make great products".
According to him, digital assets do not fall into this category.
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Gates has added:
"The value of crypto is just what some other person decides someone else will pay for it."
Gates has said that such assets do not benefit society.
In February last year, the Microsoft founder urged potential investors not to follow the example of Tesla, which had invested $1.5 billion in Bitcoin. According to him, owners of less capital than Elon Musk "should be more careful."
Moreover, in March 2021, Gates said Bitcoin is a problem for the global climate.