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ByAuthor J.D. SmithPosted on
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‘I’ve taken a neutral view’ on Bitcoin, says Bill Gates

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Microsoft co-founder Bill Gates is the latest prominent tech figure to seemingly try to stay out of the fray when it comes to questions about Bitcoin adoption.

In an interview with CNBC’s Squawk Box this morning, Gates said he had neither invested in Bitcoin (BTC) nor wanted to make a prediction on any price movements.

“I don’t own Bitcoin, I’m not short Bitcoin, so I’ve taken a neutral view,” said Gates. “Bitcoin can go up and down just based on the mania or whatever the views are. I don’t have a way of predicting how that will progress.”

However, the Microsoft co-founder seemed to imply that many were using digital currency outside developing countries for “tax avoidance or illegal activity.” He said his philanthropy work through the Bill & Melinda Gates Foundation moves “money into a more digital form,” with “total visibility of who’s doing what.”

The comments mirror previous statements made in a 2018 Reddit AMA, in which Gates criticized the anonymity of crypto transactions and connected them with people purchasing drugs. The Microsoft co-founder referred to the technology at the time as one “that has caused deaths in a fairly direct way.”

Though no longer on Microsoft’s board as of March last year, Gates’ position on cryptocurrencies and Bitcoin is similar to that of the tech company. Yesterday Microsoft president Brad Smith implied the firm had no immediate plans to invest in Bitcoin.

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Bitcoin Business
ByAuthor J.D. SmithPosted on
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OKCoin delists two Bitcoin forks over ‘malicious misinformation’ campaign

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While the original Bitcoin rallies past a $1 trillion dollar marketcap, two forks of the world’s most popular cryptocurrency have instead lost a source of liquidity as crypto exchange OKCoin delists BSV and BCH. 

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Bitcoin Blockchain Business Investment Markets Tech
ByAuthor J.D. SmithPosted on
11
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Bitcoin Investment Markets Opinion Tech
ByAuthor J.D. SmithPosted on
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Bitcoin price hits $54K, reaching a $1T market cap faster than Amazon and Google

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Within the last hour, Bitcoin’s market capitalization pushed above the $1 trillion level. This milestone occurred less than a year after its market cap dipped below $100 billion on Black Thursday and the move to a new all-time high took place right as BTC price is on the verge of overtaking $55,000.

Bitcoin market cap in USD. Source: TradingView

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Binance’s brief pause of Ethereum withdrawals leaves community perplexed

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ByAuthor J.D. SmithPosted on
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Bitcoin’s market cap breaks $1 trillion after tripling in three months

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BTC/USDT daily chart. Source: TradingView

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ByAuthor J.D. SmithPosted on
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The social side of institutional push: Popular excitement drives crypto adoption

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