Gates Explains Why He Doesn't Hold Cryptocurrency: Neither Value Nor Contribution

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Microsoft co-founder Bill Gates said on a forum on social networking site reddit on Thursday that he did not hold any digital currencies "I like to invest in something valuable. The value of companies is how they make great products, but the value of cryptocurrency is just the amount that some people think others will pay for it, so it will not contribute to society like other investments," he said

Gates had previously expressed doubts about bitcoin. In an interview in February last year, he said he was not a fan of bitcoin because the exploitation of bitcoin would consume a lot of energy and have an impact on the environment. In addition, he is also worried about investors other than musk.

"Elon (MuSK) has a lot of money and he is very sophisticated, so I don't worry about his bitcoin going up and down randomly. But I do think that those who buy in the bitcoin boom may not have so much spare money. So I don't look at bitcoin. My overall idea is that if you don't have Elon's so much money, you should be careful," Gates said

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