Bill Gates explains why he hasn't purchased any cryptocurrency

Bill Gates has recently explained in a Reddit Ask Me Anything why he isn't invested in any cryptocurrencies such as Bitcoin.

@JakConnorTT
Published Fri, May 20 2022 5:45 AM CDT   |   Updated Thu, Jun 9 2022 4:01 AM CDT

Microsoft founder Bill Gates has recently participated in a Reddit Ask Me Anything (AMA) where he explained why he doesn't hold any cryptocurrencies.

Bill Gates explains why he hasn't purchased any cryptocurrency 01 | TweakTown.com

Gates took to Reddit yesterday to answer numerous questions ranging from his philantropy ventures into climate change, vaccines, COVID-19, how young people can impact the world and cryptocurrencies. Gates was asked what he thought about Bitcoin and other cryptocurrencies, Gates stated that he doesn't own any cryptocurrencies and that he likes "investing in things that have valuable output".

The Microsoft founder explains that companies "valuable output" is based on the product that they make and the quality of it, while the "value of crypto is just what some other person decides someone else will pay for it so not adding to society like other investments." These remarks from Gates about cryptocurrency are hardly surprising as the world's fourth richest individual said in March that if you have less money than Elon Musk and are involved with cryptocurrencies "probably watch out".

If you are interested in reading some of the other questions Bill Gates answered, you can check out the Reddit AMA here.

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Jak joined the TweakTown team in 2017 and has since reviewed 100s of new tech products and kept us informed daily on the latest science and space news. Jak's love for science, space, and technology, and, more specifically, PC gaming, began at 10 years old. It was the day his dad showed him how to play Age of Empires on an old Compaq PC. Ever since that day, Jak fell in love with games and the progression of the technology industry in all its forms. Instead of typical FPS, Jak holds a very special spot in his heart for RTS games.

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