Is Bill Gates bullish on Bitcoin?

Microsoft Corp. (NASDAQ: MSFT) co-founder Bill Gates is not bullish on Bitcoin (BTC) and is cautioning others to reconsider such investments — unless they have more money than Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk. What Happened: Gates told Bloomberg on Monday that he isn’t worried about Musk’s Bitcoin randomly going up or down.

What does Bill Gates think about cryptocurrency?

Microsoft co-founder Bill Gates has never shied away from voicing his opinion about cryptocurrency. Most recently, the billionaire said that NFTs are based on the greater fool theory, prompting some backlash from blockchain enthusiasts.

Is the Bill & Melinda Gates Foundation giving bitcoin to the poor?

In fact, the Bill & Melinda Gates Foundation gave a $100,000 grant to blockchain company Bitsoko in 2015. In 2017, the foundation also partnered with Ripple, creator of the cryptocurrency XRP , to develop mobile payment technologies for the poor. Gates isn’t the only billionaire who’s been gifted bitcoin.

Is Bill Gates buying bitcoin based on Hype?

Gates, in other words, appears to believe that cryptocurrencies -- including Bitcoin -- may not necessarily be sound investments. Like many financial experts who are wary of crypto, Gates's comments suggest he may think people are buying Bitcoin based on hype rather than because the coin has a lot of underlying potential.