Gates has already shown displeasure over cryptocurrencies
Cryptocurrencies are not having a good day these days. On Monday, cryptocurrencies touched their lowest price in some time. Investors in cryptocurrencies have lost millions of crores. It fell more than 15 per cent on Monday, while it fell 5.4 per cent on Tuesday as well. At the same time, yesterday also it has come down by more than an estimated percentage. Meanwhile, once again Bill Gates, the world’s fourth largest rich and the founder of the giant tech company Microsoft, has once again slammed cryptocurrencies. He termed cryptocurrency projects such as Non-Fungible Tokens as fake, saying that these are only based on foolish principles.
Let us tell you that on Tuesday, at a climate conference in Barclay, California, Gates once again criticized cryptocurrencies. He has taken cryptocurrencies like Bitcoin several times in the past. Gates said that the world is going to improve a lot with expensive photos of monkeys. These are of no use. Last year, the world’s biggest rich and Tesla CEO Elon Musk and Bill Gates have come face to face on this issue. He said that bitcoin has a lot of risk for retail investors and that mining the coin also harms the environment. Musk did not agree with his point.
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