The statements of Bill Gates often react to Internet customers. There is no doubt that his final launch on May 19 on Reddit will not please everybody. Speaking about cryptocurrencies, the co-founding father of Microsoft did no longer go with dead hands.

He explains: ” I like to invest in things that have value. The value of companies is based on how well they make great products. The value of crypto is just based on what one person decides how much another person will pay for it”.

European Union Sets up Harsh Crypto Rules

This isn’t always the first time that Bill Gates has expressed his reluctance closer to cryptos. As our colleagues from Capitalhe had already addressed remaining February in Bloombergthe risks of this form of investment by mentioning that “ If you have less money than Elon Musk, you should probably be careful “. The recent evolution of prices, with a fall in Bitcoin and Ethereum, gives him a reason for the moment. Finally, the last criticism of Bill Gates concerning cryptocurrencies comes from the fact that they generate a negative impact on the environment. He thus modestly specified in March 2021 that “ bitcoin is bad for the climate.”

Note that Bill Gates is not the only one to criticize cryptocurrencies so strongly. Christine Lagarde, former French minister and current president of the ECB, uses rather harsh words. She just said: I have always said that cryptocurrencies are highly speculative and very risky assets. My very humble assessment is that it is worth nothing, it is not based on anything, she specifies. There are no underlying assets to act as a security anchor.”

The European Union is running on two draft directives in an effort to strictly modify the cryptocurrency zone. You can locate all the information on this subject in our dedicated article.