Bill Gates Explains Why He Doesn't Own Any Cryptocurrency (2024)

FAQs

Bill Gates Explains Why He Doesn't Own Any Cryptocurrency? ›

"I don't own any," Gates wrote. "I like investing in things that have valuable output. The value of companies is based on how they make great products. 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."

Warren Buffett Doesn't Own Bitcoin, but His Company Is Betting $1 Billion on This Crypto Stock. Warren Buffett has made his dislike for Bitcoin known over the years.

NO,He don't own a Crypto. Last year May, Zuckerberg publicly stated that he own a Bitcoin, But not what you think. He mentioned his pet Goat whose name as the Digital Currency.

Donald Trump suggested on Monday that if he were elected president again, his administration would not crack down on the use of bitcoin or other cryptocurrencies using regulatory authority.

Trump told crypto backers at Mar-a-Lago on Wednesday that they “better vote” for him because of the way the Biden administration has unleashed a regulatory crackdown on the industry. “They are against it,” he said at an event promoting his own non-fungible token, or NFT.

BERLIN, El Salvador, Feb 2 (Reuters) - James and Nicki Malcolm moved to El Salvador from New Zealand to be part of a bitcoin dream sold by President Nayib Bukele in 2021 when he made the Central American nation the first in the world to accept the cryptocurrency as legal tender.

The decision to cash out crypto or Bitcoin depends on your financial goals and market conditions. You may want to lock in gains, cut or harvest losses for taxes, or simply use your digital assets in the real world.

"I still own a bunch of dogecoin, and SpaceX owns a bunch of bitcoin," Musk said during an X Spaces broadcast, referring to his rocket company.

Could crypto still make you rich? ›

Bitcoin has made many millionaires already, and you could be one, too. Over the course of its 15-year history, Bitcoin (CRYPTO: BTC) has made plenty of millionaires. In fact, data from the blockchain analytics platform Glassnode shows roughly 115,000 wallet addresses with a balance of more than $1 million today.

On Friday evening, Tesla CEO Elon Musk vociferously denied that any of his companies will ever issue a cryptocurrency, after months of feverish speculation that the tech tycoon was toying with the idea of launching a crypto token.

But when asked about cryptocurrencies, he confirmed that he is not involved with the asset class. “I don't own any. I like investing in things that have valuable output,” he said. His statements echoed the sentiments of Berkshire Hathaway boss and ace investor Warren Buffett, who is of a similar disposition.

Diem (formerly known as Libra) was a permissioned blockchain-based stablecoin payment system proposed by the American social media company Facebook. The plan also included a private currency implemented as a cryptocurrency.

Elon Musk said that he no longer thinks that much about cryptocurrency. “I don't spend a lot of time thinking about cryptocurrency — hardly any at all,” Musk said in an X space conversation with Ark Invest CEO Cathie Wood on Dec. 21, in response to Wood's question on bitcoin's potential impact on the financial system.

Perhaps the most famous value investor of all time, Warren Buffett is strongly against Bitcoin and other cryptocurrencies, saying, "You can't value Bitcoin because it's not a value-producing asset." Buffett and his holding company Berkshire Hathaway Inc. have been well-known for their investments in stable and ...

While he personally believes in crypto and owns some himself, he also calls it a “Hail Mary.” In a January ask-and-answer session on X, Cuban said that his crypto portfolio includes Bitcoin, Ethereum, Polygon and Injective, and that his NBA team the Dallas Mavericks still accepts Dogecoin as payment.

How Many Billionaires Own Crypto? There are 16 cryptocurrency billionaires in Forbes' ranking of billionaires.