Bill Gates, founder of Microsoft, BUT-sessions stated on Reddit that he does not own cryptocurrencies.

“I love investing in things that have value. The value of companies depends on how they make great products,” Gates explained.

According to him, digital assets do not fall into this category.

“The value of cryptocurrencies depends on one person’s decision whether someone else is willing to pay for it,” the billionaire said.

Gates added that such assets do not benefit society.

In February 2021, the Microsoft founder urged potential investors not to follow the example of Tesla, which invested $1.5 billion in Bitcoin. According to him, those with less capital than Elon Musk “should be more careful.”

Recall that in March 2021 Gates saw Bitcoin as a problem for the global climate.

Earlier, former US Federal Reserve Chairman Ben Bernanke questioned the prospects for digital gold as an alternative to fiat money. According to him, bitcoin is attractive “as a speculative asset.”