American business magnate and Microsoft co-founder Bill Gates has said that he has no investment in Bitcoin or ever predicted its price. Speaking with CNBC’s Squawk Box on the 18th of February, the billionaire said:
“Bitcoin can go up and down just based on the mania or whatever the views are. I don’t have a way of predicting how that will progress.”
Gates has always criticized cryptocurrencies. In 2018, Gates said he believes that the anonymity of crypto transactions is not a “good thing.” He said that because people now use it to buy illegal drugs, crypto is “a rare technology that has caused deaths in a fairly direct way.”
The sitting president of Microsoft, Brad Smith, also revealed that the company has no immediate plans to invest in Bitcoin.
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