Bill Gates Talks Bitcoin: Highlights
Gates Breaks Silence on Bitcoin
In a recent interview with Bloomberg, Bill Gates shared his thoughts on Bitcoin. The Microsoft co-founder, who has remained largely silent on the topic in the past, expressed skepticism about the cryptocurrency's potential as a currency.
Bitcoin's Shortcomings
Gates argued that cryptocurrencies, including Bitcoin, "don't yet fulfill the central functions of money." He pointed out that Bitcoin is not widely accepted as a means of payment and is subject to significant price volatility.
Bitcoin's Early Promise
Despite his reservations, Gates acknowledged Bitcoin's initial promise as a potential leader in the cryptocurrency space. However, he emphasized that Bitcoin's value has become largely speculative and its use as a currency has yet to materialize.
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