One of the world's millionaires, Bill Gates admits that he does not own any investment in cryptocurrencies.
According to him in the Ask Me Anything session on the Reddit platform yesterday, investing in things that produce comfort is much better:
“I like to invest in things that have valuable results. The value of a company depends on the production of quality products.
The value of crypto is based on the decisions of others who pay for it and it does not give meaning to society like other investments. ”
His statement is not surprising as Gates had earlier shown a skeptical reaction to Bitcoin (BTC).
In February, the figure once voiced his concern over crypto investors being pressured these days due to volatile markets.
For example, the Terra (LUNA) and TerraUSD (UST) incidents last week gave a lot of lessons to investors.
Not only that, the negative sentiment that was tempered after the announcement of interest rate hikes and pressure in crypto policy further clouded the situation of BTC and Ethereum (ETH) movements throughout May.
His advice again, "Be careful if you're not as rich as Elon Musk."
Perhaps he is referring to the willingness of an investor to face losses when the crypto market collapses because if you are a millionaire, the matter is only as big as a je germ.
Right?
