bill gates bitcoin on pysäyttämätön

miss: Kevin O'Leary explains one big thing people don't understand about bitcoin (but need to) show chapters. "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." show chapters, cryptocurrencies like bitcoin can be used to buy things without a middleman, meaning there's less. The Microsoft co-founder revealed Monday on cnbc's "Squawk Box" that he doesn't own any cryptocurrency, but held some briefly after it was given to him as a gift.

At the meeting, Berkshire CEO Buffett slammed bitcoin once again, this time calling it rat poison squared, as CCN has reported. Warren Buffett 's, berkshire Hathaway and was speaking from Omaha, Nebraska, where the conglomerate held its annual shareholders meeting over the weekend. Show chapters, bitcoin is "one of the crazier speculative things Gates says. And, he's willing to bet against its success, adding, ". Its worth can be hard to pinpoint, too, which is why it's smart to be cautious when investing in cryptocurrency.

"The volatility makes it very difficult for me as an investor to put that into a portfolio. Today, bitcoin is already running into some problems, including slow transaction times and the rising cost of transaction fees. A handful of top investors have weighed in on the bitcoin craze, with some warning to avoid it " like the plague " and others saying it's OK to invest in if you're prepared to lose that money.

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In addition to bitcoin's value, Gates raised other concerns about digital currencies, which operate on a decentralized network without governance from a central authority, in an "Ask Me Anything" post on Reddit earlier this year. Even if he doesnt feel comfortable trading on a cryptocurrency exchange such as BitMEX, he could easily open a short position in bitcoin futures on cboe, CME, or perhaps even. It's kind of a pure 'greater fool theory' type of investment Gates said on cnbc's "Squawk Box." "I agree I would short it if there was an easy way to do it he said. Bitcoin reminds me of Oscar Wildes definition of fox hunting: The pursuit of the uneatable by the unspeakable.'. gates explained that one reason he has a negative forecast for cryptocurrency is because he sees the digital tokens as lacking intrinsic value. Last year, the foundation also partnered with Ripple, creator of the cryptocurrency XRP, to develop mobile payment technologies for the poor. "The government's ability to find money laundering and tax evasion and terrorist funding is a good thing Gates wrote. Billionaire Bill Gates is a notorious bitcoin skeptic who says he would bet against it if he could because he believes cryptocurrencies are worthless investments that people profit from by pawning their holdings off to a greater fool than themselves. Munger, 94, has said bitcoin trading is akin to clueless people with dementia trading feces to keep up with everyone else. Cryptocurrencies can in fact be shorted futures and put options for bitcoin have been made available through some exchanges, for instance but making bets against virtual currencies is not as easy as it is for more established assets such as corporate shares. Microsoft co-founder Bill Gates hasn't been too vocal on the subject lately, but he has expressed a cautiously positive opinion in the past. Just because it's "better than currency" doesn't necessarily mean cryptocurrencies will replace old-fashioned money, of course.

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