With the recent collapse of digital currencies, Bill Gates warns against investing in Bitcoin and cryptocurrencies
Billionaire Microsoft co-founder Bill Gates has confirmed that there are people with high IQs who have deceived themselves in this matter.
Gates' comments come as Bitcoin's value has hit record highs in recent weeks, and the cryptocurrency industry as a whole has hailed Donald Trump's arrival in the White House as a positive moment.
Cryptocurrency prices took a hit Monday due to the possibility of a trade war between the United States and its trading partners, with some popular digital assets seeing their value drop by more than 10 percent, the Associated Press reported.
However, the notoriously volatile investment recovered later on Monday, with the price of Bitcoin once again climbing above $100,000.
doubts
Gates, who has a net worth of about $165 billion, has previously expressed skepticism about Bitcoin, and its volatility in particular.
In 2022, he warned that it could be a risky investment for people without deep pockets, and Bill Gates delivered a scathing assessment of cryptocurrencies, saying they were useless.
$BTC
