Bill Gates on crypto
Bill Gates, who is the world's second-richest man, takes a dim view of cryptocurrencies. He was asked about them in an AMA today and said he has concerns about anonymity, money laundering, drugs and prices.
"The main feature of crypto currencies is their anonymity," he said. "I don't think this is a good thing. The Governments ability to find money laundering and tax evasion and terrorist funding is a good thing. Right now crypto currencies are used for buying fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way. I think the speculative wave around ICOs and crypto currencies is super risky for those who go long."
Gates' personal wealth is about half of the current $181 billion of Bitcoin in existence.
Bitcoin is up $332 to $10,711 today.
If that upsets cryptocurrency enthusiasts, wait until you read what he had to say about beer.
"I am not a big beer drinker. When I end up at something like a baseball game I drink light beer to get with the vibe of all the other beer drinkers. Sorry to disappoint real beer drinkers," he said.
