Microsoft Founder Bill Gates: Cryptocurrency 'Kills People'
Microsoft Founder Bill Gates: Cryptocurrency 'Kills People'

We all knoe very well that at the time when most people are probably familiar with the term cryptocurrency, many of the figures attached to technological world give their opinion on virtual currencies. As recently, the tech giant Microsoft’s founder Bill Gates stated that cryptocurrency ‘Kills People’.

Microsoft Founder Bill Gates: Cryptocurrency ‘Kills People’

At the time when most people are probably familiar with the term cryptocurrency, many of the figures attached to technological world give their opinion on virtual currencies.

This time it was Bill Gates, of course, the founder of the tech giant Microsoft who left harsh criticism about Crypto-Coins, recognizing various dangers, mainly related to the purchase of drugs and tax crimes.

It was during a session of “Ask Me Anything” last Tuesday, on Reddit, the founder of the tech giant Microsoft, of course, Bill Gates gave his opinion on the ‘hype’ of cryptocurrencies.

His opinion is not at all favourable to virtual currencies since, according to the founder of the tech giant Microsoft, of course, Bill Gates, crypto-coins are killing people in a direct way, since they are used to buy fentanyl, which is a medicine, among other drugs.

Right now cryptocurrencies are used for buying fentanyl and other drugs so it is a rare technology that has deaths in a fairly direct way.

In addition to this concern, the founder of the tech giant Microsoft, of course, Bill Gates recognizes that, since the main feature of crypto-coins is the anonymity, this is not a good side as it promotes tax crimes, making life easier for those who want to keep their financial transactions hidden from governments, money laundering schemes and terrorism.

The main feature of cryptocurrencies is their anonymity. I do not think this is a good thing. The Governments ability to find money laundering and tax evasion and terrorist funding is a good thing.

According to the founder of the tech giant Microsoft, of course, Bill Gates opinion investing in cryptocurrencies is not a good idea, since it considers that the speculative wave around the ICO (Initial Coin Offerings) and cryptocurrencies are quite risky.

“I think the speculative wave around ICOs and cryptocurrencies is risky for those who go long” stats the founder of the tech giant Microsoft, of course, Bill Gates.

So, what do you think about this? Simply share all your views and thoughts in the comment section below.



AUTHOR

Amarnath Chakraborty is the content writer at Tech Viral. He writes/edits about how-to tips, tutorials especially on Social Networks, Android, iPhone, Computer, Internet etc.