Bill Gates remains skeptical about cryptocurrency, citing several concerns ¹ ²:

- *Lack of Intrinsic Value*: Gates believes most cryptocurrencies have no real value and are based on speculation, relying on the "greater fool theory" where prices rise only if someone else is willing to pay more.

- *Energy Consumption*: He's critical of the high energy consumption required for cryptocurrency mining, particularly Bitcoin, which he thinks is wasteful and bad for the environment.

- *No Real-World Use*: Gates argues that cryptocurrencies don't contribute to society like other assets, as their worth is determined solely by what someone else is willing to pay for them.

- *Risk to Regular People*: He warns that investing in cryptocurrency is risky and can lead to significant financial losses, especially for ordinary people who may not have the financial cushion to absorb such losses.

Gates prefers to invest in companies and industries that are more stable and predictable, focusing on solving real-world problems like climate change, clean energy, and logistics. His investment portfolio includes companies like ³:

- *Paccar*: Developing electric and self-driving trucks

- *FedEx*: Investing in automation and sustainability for faster and greener delivery

- *Graphyte*: A company that removes carbon dioxide from the atmosphere by converting waste plants into bricks and storing them underground

- *Breakthrough Energy*: Funding innovative clean energy startups to tackle the climate crisis

Gates' stance on cryptocurrency hasn't changed, and he continues to prioritize investments in tangible, impactful technologies over digital assets.