Bill Gates would bet against Bitcoin

Bitcoin Charlie Munger Says Bitcoin is ‘A Scum Ball Activity,’ Resorts to Childish Insults Rick D

"I would short if there was an easy way to do it", Gates said Monday in an interview on CNBC.

Berkshire vice chairman Charlie Munger said to Buffett during the meeting, "I like cryptocurrencies a lot less than you do". Gates says that his problem with Bitcoin and other cryptocurrencies is when they're viewed as an asset class because they don't "produce anything".

Munger went after the popular cryptocurrency at the Berkshire Hathaway annual meeting on Saturday, calling it a "turd", adding that trading cryptocurrencies is "just dementia".

Gates, the co-founder of Microsoft, said blockchain technology is "a good thing", providing a secure way to record transactions but said investing in cryptocurrencies is "a insane, speculative thing".

"Bitcoin and ICOs, I believe completely that [they're some] of the crazier, speculative things [you could invest in]", he said.

Trump to discuss trade with China's Xi as talks continue
South Korea's presidential office said the Chinese government notified Seoul about the Xi-Kim meeting in advance. DPRK is an acronym for North Korea's formal name, the Democratic People's Republic of Korea.

After Buffett's and Gates' criticisms on bitcoin, prices of cryptocurrencies experienced a drop on Tuesday, Yahoo! At one time in October 2017, the billionaire said the Bitcoin had entered the bubble territory and that it was going to implode. Cryptocurrencies, or bitcoin, specifically, is merely digital code-which concludes with being vulnerable to fluctuation based on the unreliable opinions of everyone trading stock.

That he doesn't - even while protesting that he wishes he could - is telling. Charlie Munger, a Berkshire vice chairman and longtime associate of Buffett, described bitcoin as "worthless artificial gold".

"What I do discover monumentally baffling is that two of the world's most profitable buyers can't see the intrinsic worth of some type of cryptocurrency", Nigel Inexperienced, CEO of monetary consulting agency deVere Group, wrote in a report early Monday. "People like to speculate, they like to gamble". People of Venezuela have turned to Bitcoin for stability. It is hard to see Bill Gates, who also runs the Gates foundation charity in helping third world countries fails to see the importance of revolutionising the way we transact.

Gates as well as many other critics of the cryptocurrency are very negative about the extreme volatility of the cryptocurrency market.

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