Bill Gates smashes Bitcoin and NFTs

News hardware Bill Gates smashes Bitcoin and NFTs

Definitely between Bill Gates and cryptos it’s not really a great love story. While many rich people in this world continue to express their enthusiasm for Bitcoin and NFTs, Bill Gates decides to stand apart. As the price of Bitcoin crashes and takes the entire ecosystem with it, including NFTs, the founder of Microsoft took the opportunity to deal one last blow to the cryptosphere.

Bill Gates and Bitcoin season 1

The American billionaire has already expressed a certain virulence towards Bitcoin.

In 2021, his main argument was that of ecology:

“Bitcoin uses more electricity per transaction than any other method known to mankind,” he said in an interview with The New York Times.

A severe position when you know that his former company Microsoft has never been an example for ecology. However, it is true that it has been tending towards an increasing reduction in its carbon footprint in recent years.

And bitcoin too…

Indeed, according to a study by CoinShares, the bitcoin network consumes 189 TWh, or around 0.1% of global electricity production. Moreover, according to a study by the Bitcoin Mining Council, of this 0.1%, a significant part would draw on renewable energies, around 56% in 2021.

A somewhat easy attack but above all a way of waging war against his counterpart Elon Musk who, at the time, integrated Bitcoin as a means of payment for his Tesla vehicles.

Bill Gates does not buy cryptos

Last month, the American billionaire had added a layer concerning the whole crypto ecosystem which he considered too speculative.

Bill Gates said then: “I like to invest in things that have value. The value of companies is based on how well they make great products. The value of crypto is just based on what one person decides how much another person will pay for it. »

On June 14, the former Microsoft executive returned the cover as the Bitcoin price fell sharply, bringing it to the €20,000 level.

During the TechCrunch Climate 2022, Bill Gates clarified his opinion on cryptocurrencies by saying “I have nothing to do with it”.

For him, Bitcoin exists thanks to the “biggest fool theory” illustrating an idea that, even if bitcoin is overvalued, you can make a profit if you manage to sell it to someone more “fool”. that you. In short, it implies that bitcoin would be a Ponzi scheme. The later you arrive, the more you enrich the first comers.

Under this prism, how would Bitcoin be different from a Microsoft stock that traded for pennies at the time and now costs more than €200?

Beyond Bitcoin and cryptos, Bill Gates took advantage of this conference to add a new target to his hunting list…

Bill Gates tackles the NFT

Just after this intervention on the cryptosphere, the billionaire expressed his sarcasm vis-à-vis the NFTs and more particularly on the Bored Ape.

“Of course, these expensive digital monkey images will greatly improve the state of our world,” he said wryly.

He feels that jpegs of monkeys are a big joke in the face of threats to the world, a comparison not quite “legit”…

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