Bill Gates Feels Like Shorting Bitcoin If It Was Easy

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

Billionaire Bill Gates is a notorious bitcoin skeptic who says he would bet against it if he could because he believes cryptocurrencies are worthless investments that people profit from by pawning their holdings off to a "greater fool" than themselves. Speaking during a CNBC program on April 5, both men shared their thoughts on bitcoin. If this description is accurate, then bitcoin is a bubble. The investors that manage to cash in on such a type of investment are the ones who end up cashing out on time.

Bill Gates has also openly criticised bitcoin, saying: "I would short if there was an easy way to do it". What this means is that value is only derived because another person (the greater fool) is willing to pay a higher price. "People like to speculate, they like to gamble", he added.

Bill Gates has also been known for cooperating with the government in defense matters, with many criticizing him for his apparent lack of care when protecting the privacy of customer data when compelled by the legislature for information.

Sitting down with CNBC, Buffet and Charlie Munger after the annual shareholders meeting for Berkshire Hathaway, Buffet's large conglomerate that Gates is on the board of, Gates continued on to talk about receiving Bitcoin once "for his birthday" that he later sold. Just last week, Warren Buffet and Charlie Munger expressed their hatred towards cryptocurrencies.

Munger has additionally referred to bitcoin as poison. Buffett has also previously stated that he will never buy cryptocurrencies, citing a lack of understanding of the asset as well as a distaste for the volatility.

11-year-old girl jumps out of SUV during carjacking
The owner's 11-year-old daughter was still in the vehicle and jumped out while the Cherokee accelerated away from the gas station. Fortunately, in spite of the fall from the fast moving SUV, the girl gets seconds later and runs to embrace her father.

OnePlus 6 Fast AF sale: Amazon discount offer you simply can't refuse
Along with one of the best value-for-money smartphones, early adopters will also receive an extended 3-month warranty. In accordance with the most recent escape, these will be the OnePlus 6 criteria that have obtained the fans excited.

Jay-Z ordered to testify in stock fraud investigation
They also said his testimony was not relevant enough to the case to disrupt his work. His most recent album, "4:44", was nominated for 8 Grammys but did not win any.

"In terms of cryptocurrencies, generally, I can say with nearly certainty that they will come to a bad ending", Buffett explained.

"Bitcoin and ICOs, I believe completely [they're some] of the crazier, speculative things", Gates said.

The negative comments might be temporarily slowing down the growth in bitcoin prices.

Bitcoin's reach toward $10,000 over the weekend was once again cut short-falling to $9,300 on Monday. The recent decline in the value of bitcoin was the first decline in prices in over four days.

Related:

Comments

Latest news

A Look at Stock Behavior of: Petroleo Brasileiro SA - Petrobras (PBR)
Tower Semiconductor Ltd ., a Israel based Company, belongs to Technology sector and Semiconductor - Integrated Circuits industry. A performance measure used to estimate the efficiency of an investment or to compare the ability of some different investments.

China sentences founder of Anbang to 18 years in prison
Wu was prosecuted during an open trial on March 28, during which the court posted information about the proceedings on Sina Weibo. Wu, 51, founded private insurer Anbang in 2004, and in 2014, bought the famed Waldorf Astoria Hotel in New York City.

Conte pushes for Juve return as Allegri talks to Arsenal
I think if you want to do a new start you have to go with someone who is maybe young, with a good philosophy, with a great mind as well.

George Zimmerman Accused of Criminal Stalking
Since the shooting, Zimmerman has tried to auction off the gun he shot Trayvon with, labeling it an 'American Firearm Icon'. The film, " Rest in Power: The Trayvon Martin Story ", is executive produced by Jay-Z and will air in July.

CyberArk Conjur Enterprise now available on Red Hat OpenShift Container Platform
The newly released NGINX Unit 1.0 adds to the existing support of NGINX Plus as certified for Red Hat Enterprise Linux . Meanwhile, the jointly developed and managed Red Hat OpenShift on Azure is slated for preview in the coming months.

Trump order pushes feds to hire military spouses
The Defense Department is putting the preference to use, but other agencies could do more, said a Trump administration official who spoke on the condition of anonymity.

Newlyweds Sonam-Anand Ahuja's PDA on social media is aww-dorable
Anand posted a cute picture of his and Sonam's shoes with the caption, "pure hearts rule Description:??". Before their wedding was confirmed they never addressed the speculation around their relationship.

US oil rises above $70 for first time since November 2014
The tweet by Trump was rather unexpected, given that the US - Iran nuclear pact deadline runs until Saturday 12 May. At one point they fell below $70, after settling above that level for the first time since November 2014 on Monday.

Analysts Opinions on: Intel Corporation
It turned negative, as 60 investors sold INTC shares while 703 reduced holdings. 44 funds opened positions while 62 raised stakes. In 2017Q4 SEC filling is reported Paradigm Financial Advisors Llc's holdings in Intel Corp ( INTC ) which was rose by 253.28%.

Yankees beat Red Sox again for 17th win in 18 games
It was a 6-5 deficit that turned into a three-run cushion, and Aroldis Chapman was able to shut things down for NY in the ninth. Porcello allowed five earned runs in 5.1 innings, and Tanaka was pulled after serving up four runs in 5.1 innings.

Another Tesla auto crash kills two people in the US
A statement from Tesla said the vehicle was owned by a long-time customer of the company, but did not specify who. Two 18-year-olds were trapped and died when the auto became engulfed in flames, police told WPLG-TV.

Self-driving ride service coming to Frisco
Once Drive.ai's pilot goes live, the public will have access to a mobile app through which they hail the self-driving cars. For the time being, the cars in the pilot program will have a backup safety driver to monitor the vehicle at all times.

Heat Wednesday - Storms Thursday
The attractive weather that we enjoyed on Monday and Tuesday continues for just a little while longer. Highs Wednesday will be in the low 80s before warming into the mid and upper 80s for Thursday .

All six of Google Assistant's new voices are now live
Gmail is getting an autocomplete feature that uses machine learning to offer suggestions for finishing half-completed sentences. Back in October 2017, Google announced that it would be releasing a male voice to accompany the female Google Assistant voice.

NBA Playoffs 2018: Boston Celtics vs. Philadelphia 76ers Game 5 live stream
For all of the hubris the Sixers displayed in Game 4, they've been absent in this series and are showing up late to the party. If they can contain Embiid, Simmons and Reddick, they will be in the Eastern Conference finals.

Other news