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Bill Gates Says He Does Not Own Bitcoin And Remains Neutral On Crypto Assets

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Bill Gates on bitcoin and crypto asset

The tech billionaire and software developer, Bill Gates, has announced that he is neutral on Bitcoin and has not bought the crypto asset.

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Bill Gates, popular tech billionaire and founder of the world’s most valuable software company, Microsoft, recently announced that he is open to the world’s most popular crypto asset, but supports the digitization of fiat currencies as it would drive down the operational costs of managing paper money.

In a recent interview with CNBC’s Squawk Box, the tech billionaire announced that he had a neutral opinion on Bitcoin. He also announced that he hadn’t bought bitcoin.

The respected tech entrepreneur added that Bitcoin’s high price volatility was due to the “mania” prevalent in the crypto markets that made it difficult for a normal investor to predict the path of the crypto asset.

At the time of writing, Bitcoin was trading at $56,649.42 with a daily trading volume of $65 Billion, up 1.55% that day. It currently has a market value of $1.056 trillion.

A few hours ago, the world’s most popular crypto asset took a very big step.

However, some leading traditional financial experts are also not buying the flagship bullish crypto because they see little value in the digital currency because they believe that Bitcoin and other leading cryptos are only part of a larger speculative bubble.

However, many crypto experts say this could be Bitcoin’s most important milestone to date as it is now the sixth most-valuable asset in the world.

The 65-year-old tech billionaire made more than $50 billion in stocks and dividends, including a $3.3 billion payout from Microsoft in 2004 that he donated to his philanthropic foundation.

Bill Gates is currently the majority shareholder in Canada’s largest railroad operator, the Canadian National.

Bill Gates made his fortune simplifying the computer operating system by creating Microsoft Windows, the world’s most important operating system for personal computers.

Bill Gates was the richest man in the world for many years. He now has a $136 billion net worth with earnings of approximately $4.62 billion in 2021. Gates’ current asset valuation can currently buy 76.3 million troy ounces or 2.17 billion barrels of crude oil.

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