Bitcoin has become a hard-to-ignore phenomenon. Apart from Elon Musk, Microsoft founder Bill Gates is one of the prominent personalities who have recently commented on the topic of cryptocurrency. However, their perception of the digital currency is fundamentally different, even though Gates says he is neutral about bitcoin. It is therefore true that even 12 years after its creation, bitcoin arouses strongly contradictory emotions among personalities of business or politics. Some see it as a dubious project without intrinsic value, while others see it as a vital alternative to the current monetary system. View a photo gallery with famous statements about bitcoin.
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If you’re poorer than Elon Musk, you should probably avoid bitcoin, Bill Gates said in an interview with Bloomberg. He claims that he does not own or deport any of himself, he is said to be neutral towards the cryptocurrency. Yet points out on its energy intensity. According to him, the functioning of bitcoin can also help criminal activities.
Bitcoin was created in 2009 as an alternative to official currencies and over the years has established itself as the world’s leading cryptocurrency, independent of central banks. Last year, the price of bitcoin roughly quadrupled.
Check out the gallery of famous bitcoin statements:
Bitcoin has recently benefited mainly from demand from larger investors. He is also significantly helped by the policy of central banks and the printing of additional money to combat the coronavirus crisis, which raises fears of an accelerating inflation rate. Bitcoin experienced rapid growth in 2017, when its price doubled to almost $ 20,000.
The following year, however, bitcoin fell sharply and its price was close to $ 3,000. Skeptics say the situation is recurring now. In addition, sharp fluctuations in the price of cryptocurrency indicate a fundamental bitcoin error.
Proponents, on the other hand, argue that capping bitcoin numbers is much more important in the long run, making it a de facto deflationary currency.
