How much bitcoin does bill gates have

Gates explained that one reason he had a negative forecast for cryptocurrency was because he saw the digital tokens as lacking intrinsic value. Buffett explained that theory in an interview with Yahoo Finance like this : "You're just hoping the next guy pays more.

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And you only feel you'll find the next guy to pay more if he thinks he's going to find someone that's going to pay more. 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 also in Namely, Gates took issue with the technology's anonymity.

Gates once had a brighter outlook on Bitcoin. In , Gates said cryptocurrencies had benefits for transacting efficiently. But despite his current concerns with cryptocurrencies, Gates remained interested in the blockchain technology behind bitcoin, the digital ledger where transactions are confirmed and recorded. He also thinks the anonymity behind bitcoin transactions isn't a good thing.

Treasury Secretary Janet Yellen has also been vocal about her doubts on cryptocurrencies , and their environmental impact, given the amount of power used in mining digital tokens.

Bill Gates on Bitcoin: ‘Watch out if you have less money than Elon’

Bill Gates says he's not bullish on bitcoin as it uses 'a lot of energy' - and warns people who aren't as rich as Elon Musk against buying into the boom. Shalini Nagarajan.

Bill Gates. It should be considered speculation at this point.

So don't go too far with the crypto speculation front," Musk added. Should you invest in Bitcoins? Gates has said that anybody who has less money than Musk should not invest in Bitcoin.