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Home Latest News Business “I've taken a neutral view” on Bitcoin, says Bill Gates

“I’ve taken a neutral view” on Bitcoin, says Bill Gates

"Bitcoin can go up and down just based on the mania or whatever the views are," said the Microsoft co-founder.

Bill Gates, co-founder of Microsoft, is the new prominent tech figure to apparently try to stay out of the fray when it comes to Bitcoin adoption questions.

According to cointelegraph.com, Gates said he had not invested in Bitcoin (BTC) nor wished to make a prediction on any price movements in an interview with CNBC’s Squawk Box this morning.

“I don’t own Bitcoin, I’m not short Bitcoin, so I’ve taken a neutral view,” said Gates. “Bitcoin can go up and down just based on the mania or whatever the views are. I don’t have a way of predicting how that will progress.”

The Microsoft co-founder, however, seemed to suggest that many were using digital currency for “tax avoidance or illegal activity.” outside developing countries. He said his philanthropy work moves “money into a more digital form,” through the Bill & Melinda Gates Foundation, with “total visibility of who’s doing what.”

The comments reflect previous statements made in a Reddit AMA in 2018, in which Gates criticized the confidentiality of crypto transactions and linked them to drug buying individuals. The co-founder of Microsoft referred to the technology at the time as one that “that has caused deaths in a fairly direct way.”

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