With the recent craze for Bitcoin, CNBC has asked many of its guests to talk about digital assets on its television programs.
Bill Gates, the founder of Microsoft and one of the richest people in the world, was only recently an exception to this rule.
The billionaire technologist who has since become a philanthropist recently moved to CNBC. During his interview, he was asked about Bitcoin and his thoughts on the digital asset. Here’s more about what he said.
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Microsoft founder Bill Gates talks about Bitcoin
When Microsoft founder Bill Gates was asked about Bitcoin today, he made it clear that he doesn’t own any of the digital assets and is not a short BTC. Instead, he made it clear that he has a “neutral view” of the cryptocurrency, adding that it can go up and down “just because of the mania or whatever the views are”.
However, Gates admitted that he sees Bitcoin as a potential medium for shifting funds to avoid taxes or for illegal activity.
“I don’t own a #Bitcoin. I’m not a short Bitcoin,” @BillGates says. “I think getting money into a more digital form and lowering transaction costs is something the Gates Foundation is doing in developing countries.” pic.twitter.com/DDe5X196ax
– Squawk Box (@SquawkCNBC) February 18, 2021
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Other billionaires on BTC
While Gates is neutral, there are other billionaires who rate digital wealth quite positively.
Billionaire wealth manager Ray Dalio recently stated that while he wasn’t a fan of Bitcoin before, he is increasingly seeing the importance of the asset. In a publicly available letter, Dalio, who has been asked about the digital asset non-stop for the past few years, commented:
“I think Bitcoin is a damn good invention. To have invented a new type of money through a system programmed into a computer that has worked for about 10 years and is rapidly gaining popularity as a type of money and storage for wealth is an amazing accomplishment. This, of course, like the creation of the existing credit-based monetary system, is a kind of alchemy – that is, making money with little or nothing. “
Dalio also noted that he thinks Bitcoin is a gold-like asset.
Regarding gold-like assets in general, the co-founder of Bridgewater Associates said there is an increasing need for them “because of all of the debt and money creations that are underway and will take place in the future.”
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