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"I don't own #Bitcoin. I'm not short Bitcoin," says @BillGates. "I do think moving money into a more digital form and getting transaction costs down, that's something the Gates Foundation does in developing countries." pic.twitter.com/DDe5X196ax
— Squawk Box (@SquawkCNBC) February 18, 2021
Other Billionaires on BTC
While Gates is neutral, there are other billionaires that are quite positive on the digital asset.
Billionaire asset manager Ray Dalio recently commented that while he was not a fan of Bitcoin before, he is increasingly seeing the asset’s importance. In a public-facing letter, Dalio, who has been asked about the digital asset incessantly over the past few years, commented:
“I believe Bitcoin is one hell of an invention. To have invented a new type of money via a system that is programmed into a computer and that has worked for around 10 years and is rapidly gaining popularity as both a type of money and a storehold of wealth is an amazing accomplishment. That, like creating the existing credit-based monetary system, is of course a type of alchemy—i.e., making money out of little or nothing.”
Dalio also commented that he thinks Bitcoin is a gold-like asset.
On gold-like assets in general, the co-founder of Bridgewater Associates said that there is a rising need for them “because of all the debt and money creations that are underway and will happen in the future.”