Bill Gates says Bitcoin can be deadly

Bill Gates says Bitcoin can be deadly

The increase in the value of cryptocurrencies has led to the governments of the world powers to analyze more in-depth their possible impact in both the economic and human levels.

Although the advance has been welcomed with open arms by most of the tech community, there's still concern about how altcoins can affect the global markets and aggravate current problems, such as money laundering and cybercrimes.

One of the most recognized philanthropists in the world, Bill Gates, said recently during a Reddit news event, titled 'Ask me what you want,' that he is not in favor of cryptocurrencies since criminals, terrorists and tax evaders benefit from their anonymity.

“The main feature of crypto currencies is their anonymity. I don't think this is a good thing. The Governments ability to find money laundering and tax evasion and terrorist funding is a good thing,” said who is one of the richest men in the world.

As if it were not enough, Gates went beyond by assuring that virtual currencies are “a rare technology that has caused deaths in a fairly direct way”, because they facilitate anonymous drug trading.

Gates has significantly changed his position since his inicial statements about cryptocurrency. Four years ago, Gates assured that Bitcoin was something "exciting." Now he accuses that cryptocurrencies are used to buy drugs online, like the synthetic opioid fentanyl.

Warren Buffet, probably the most respected man in the international financial community, assured that the craze for cryptocurrencies “will end in a very bad way," and has said that Bitcoin is “probably rat poison squared,” echoing the words of his business partner Charles Munger, who in 2014 also referred to Bitcoin as poison.

Many attendees at the conference were unhappy with Gates words, and they assured that it was a strategy to influence the market, especially after an interview with Bloomberg in 2014, when the billionaire stated that “Bitcoin is better than currency."

A member of the Reddit community, under the alias 'dikkepiemel', said that cryptocurrencies are not doing anything that Fiat currencies haven't done before. “The US dollar is also used to buy fentanyl and God knows what else,” he said.

And at the same time, it's very contradictory is that the Bill & Melinda Gates Foundation, has financed the development of Blockchain technology _ software platform for cryptocurrencies _ to be used by merchants in Kenya. Microsoft is also looking to integrate this technology to verify the identity of people online.


By Antonio Menéndez

Sources: El Economista and Semana

  • Antonio Menéndez

    Antonio Menéndez

    Técnico en Sistemas Computacionales, con más de 20 años de experiencia en soporte técnico presencial y a distancia. HP Technical Support Certificate A+, DELL Technical Support Certificate EMC, NEXXT Solutions Certificación en Cableado Estructurado. Amplia experiencia en Administración de Servidores.

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