Bill Gates commented on Tesla's investment in bitcoin

by in Cryptocurrency News

Bill Gates

Microsoft founder Bill Gates in an interview commented on Tesla's investment in bitcoin.

Presenter Emily Chang noted that Tesla could make more returns on its Bitcoin investment than it does from selling electric vehicles throughout 2020.

When Gates was asked about the potential impact of tweets from Tesla CEO Elon Musk on bitcoin price, Gates replied: "Elon has a lot of money, so I don't care if the price of his bitcoins may accidentally rise or fall."

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However, Gates noted that the average investor should not blindly trust Musk's optimism: “These manias involve people who may not have this extra money. I am not optimistic about Bitcoin, and my key thought is: If you have less money than Elon, then you should probably be careful. "

When asked why he is not optimistic about the outlook for Bitcoin, Gates replied: “The things we invest in are working. Bitcoin consumes a lot of energy. It is used to make anonymous transactions, these are irreversible transactions. "

Last week, Gates said in an interview with CNBC that he was taking a neutral stance on Bitcoin. He noted that his foundation uses certain forms of digital currency in developing regions, but not cryptocurrencies.