Microsoft CEO Bill Gates has admitted that he is not a fan of digital currencies or non-exchangeable tokens used to make money.
The founder of the American computer giant billionaire in an interview published on Tuesday by “CNBC News”, referring to the idea that assets that were previously overvalued, described the phenomenon as something that “100 است relies on the larger theory of deception. ” The price goes up when investors are willing to pay more for it.
“Expensive digital photos of monkeys are amazingly improving the world,” Gates joked, referring to a collection of 1,000 irreplaceable monkey tokens called NFT monkeys that observers are very interested in.
Irreplaceable tokens are often touted as a way to prove ownership of digital assets, such as art or sports collections. This is a giant database that proves that the buyer alone owns this digital token.
But observers believe that the value of these tokens is overvalued and potentially harmful due to the nature of the energy on digital currencies.
“I’m used to assets. The farm that makes the products, or the company that makes the products. As for digital currencies, I’m not involved, in short, I’m not interested in those things,” Gates explained. “
The billionaire’s remarks came hours after Bitcoin, the world’s largest and most popular cryptocurrency, fell 15 percent on Monday, its biggest one-day loss since March 2020.
Bitcoin has lost about half of its value this year, and has lost more than 20 percent of its value since Friday.
Bitcoin has fallen about 70 percent since reaching a record $ 69,000 in November.
Prices were relatively flat on Tuesday, but most digital currency market watchers are pessimistic about the immediate outlook, and the bitcoin downturn is likely to have repercussions for companies exposed to the digital currency market.
Source: Lebanon Debate
