Bill Gates was once an hater and now he is a bitcoin “supporter”
Bill Gates, the founder of Microsoft, spoke about bitcoin and digital currencies in two separate interviews last Thursday (18). At first, he said the world would be better off without innovations like cryptocurrencies because they facilitate some criminal activities. However, he took a more subdued tone during a television program, when he stated that he took a “neutral position” in the face of bitcoin and that he supports moving money to a “more digital form and with less transaction costs”.
During an interview with The Wall Street Journal, Gates answered the question: “What technological innovation would the world be better off without?” The Microsoft founder promptly turned to digital currencies. “The way cryptocurrencies work today allows for certain criminal activities. It would be good to get rid of it ”.
However, Gates changed his opinion right after. “I probably should have said biological weapons. This is a very bad thing. We shouldn’t have the technology for that. Biological weapons is the right answer, ”he rephrased.
On the same day that this interview was published, Bill Gates participated in CNBC’s “Squawk Box” program. There he was asked again about cryptocurrencies, specifically regarding bitcoin and its role in climate change, since mining activity consumes a lot of electricity.
Gates replied in a short and simple way: “I don’t have bitcoin … so I took a neutral position”. He added that the cryptocurrency can “go up and down only based on euphoria or whatever the views (of the market) are”. He then concludes that he has “no way of predicting how this will progress”.
Without directly mentioning cryptocurrencies or any form of digital currency, Bill Gates also stated that Microsoft supports “moving money to a more digital form and reducing transaction costs”.
He adds: “This is something that the Gates Foundation does in developing countries. But then, we do this so that we can reverse the transaction path so that we have full visibility of who is doing what. This is not about tax evasion or illegal activities. ”