Bill Gates on Bitcoin: If you have less money than Elon, watch out

[Micky]

Over the recent months, Bitcoin has made significant strides towards becoming a mainstream asset, mostly inspired by institutional investors. Tesla’s (NASDAQ: TSLA) $1.5 billion investment in the digital currency largely inspired the new all-time high, and Bill Gates calls for caution among investors.

Speaking to Bloomberg TV, Microsoft’s (NASDAQ: MSFT) founder has issued an interesting view on who should invest in Bitcoin days after Tesla CEO Elon Musk contributed to the asset’s $58,300 new all-time high.

The philanthropist believes you should only opt for Bitcoin if you are the world’s richest man with tons of money like Musk.

Gates warned that you should only invest in a digital assets if you have more money to spare.

“Elon has tons of money, and he’s very sophisticated, so I don’t worry that his Bitcoin will sort of randomly go up or down. I do think people get bought into these manias who may not have as much money to spare. My general thought would be that if you have less money than Elon, you should probably watch out,” said Gates.

Gates maintains that he has not invested in Bitcoin due to the asset’s speculative nature. He notes that his money is in companies that produce products.

Bill Gates on Bitcoin: If you have less money than Elon, watch out
https://cryptonews.net/477715/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared