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2021-02-25

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It’s Gates Versus Musk as World’s Richest Spar Over Bitcoin

The third-wealthiest person said he’s not a Bitcoin fan Elon Musk has been a vocal supporter of the

It’s Gates Versus Musk as World’s Richest Spar Over Bitcoin

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That’s the message from Bill Gates – the third richest.</p>\n<p>With a rally of more than 400% over the past year, Bitcoin has become increasingly&nbsp;mainstream, and everybody including prominent investors and policy makers have been talking about it. Elon Musk’s Tesla Inc. recently invested $1.5 billion in the cryptocurrency and said it would accept it for payments.</p>\n<p>For Gates, it’s not somethingMain Streetshould buy into -- plus it’s bad for the environment as mining the coins requires a lot of energy.</p>\n<p>“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,” Gates said inan interviewwith Bloomberg Television’s Emily Chang. “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.”</p>\n<p>Musk, who’s worth $189.6 billion as per the&nbsp;Bloomberg Billionaires Index, has been an avid supporter of Bitcoin -- so much so that he’s influenced the token’s price. It surged as much as 76% this month following Tesla’s investment, before tumbling 13% after he tweeted the prices of cryptocurrencies “do seem high.”</p>\n<p>The debate over Bitcoin isn’t new. Billionaire Warren Buffett deems cryptocurrencies have no value and don’t produce anything. Treasury Secretary Janet Yellen, another long-time skeptic, said at a New York Times conference earlier this week that Bitcoin is an “extremely inefficient way of conducting transactions.”</p>\n<p>But with more and more companies starting to accept Bitcoin -- as PayPal Holdings Inc., Visa Inc. and MasterCard Inc. recently have -- the token has gained wider acceptance. As central banks including the Federal Reserve and European Central Bank are studying how to digitalize their own sovereign currencies, and firms such as Fidelity Investments Inc. launch funds letting investors add cryptocurrencies to their portfolios, the debate is here to stay.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>It’s Gates Versus Musk as World’s Richest Spar Over Bitcoin</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIt’s Gates Versus Musk as World’s Richest Spar Over Bitcoin\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-25 15:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-02-25/it-s-gates-versus-musk-as-world-s-richest-spar-over-bitcoin><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The third-wealthiest person said he’s not a Bitcoin fan\nElon Musk has been a vocal supporter of the cryptocurrency\n\nUnless you’re the world’s richest person, you shouldn’t be buying Bitcoin. That’s ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-02-25/it-s-gates-versus-musk-as-world-s-richest-spar-over-bitcoin\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust","MSFT":"微软"},"source_url":"https://www.bloomberg.com/news/articles/2021-02-25/it-s-gates-versus-musk-as-world-s-richest-spar-over-bitcoin","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189206947","content_text":"The third-wealthiest person said he’s not a Bitcoin fan\nElon Musk has been a vocal supporter of the cryptocurrency\n\nUnless you’re the world’s richest person, you shouldn’t be buying Bitcoin. That’s the message from Bill Gates – the third richest.\nWith a rally of more than 400% over the past year, Bitcoin has become increasingly mainstream, and everybody including prominent investors and policy makers have been talking about it. Elon Musk’s Tesla Inc. recently invested $1.5 billion in the cryptocurrency and said it would accept it for payments.\nFor Gates, it’s not somethingMain Streetshould buy into -- plus it’s bad for the environment as mining the coins requires a lot of energy.\n“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,” Gates said inan interviewwith Bloomberg Television’s Emily Chang. “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.”\nMusk, who’s worth $189.6 billion as per the Bloomberg Billionaires Index, has been an avid supporter of Bitcoin -- so much so that he’s influenced the token’s price. It surged as much as 76% this month following Tesla’s investment, before tumbling 13% after he tweeted the prices of cryptocurrencies “do seem high.”\nThe debate over Bitcoin isn’t new. Billionaire Warren Buffett deems cryptocurrencies have no value and don’t produce anything. Treasury Secretary Janet Yellen, another long-time skeptic, said at a New York Times conference earlier this week that Bitcoin is an “extremely inefficient way of conducting transactions.”\nBut with more and more companies starting to accept Bitcoin -- as PayPal Holdings Inc., Visa Inc. and MasterCard Inc. recently have -- the token has gained wider acceptance. 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