Bill Gates: Bitcoin 'Exciting' Because it Shows How Cheap Sending Money Can Be
Ever wonder what one of the world's richest men thinks about bitcoin? Well, you've already heard from business magnate Warren Buffett of Berkshire Hathaway (hint: if you haven't, he's previously said it's not a currency and telling investors to stay away). Bill Gates, with a net worth over $80 billion USD according to Forbes, has spoken up again on the topic of digital currency. And while he didn't get into terrible amount of detail on his opinion, he says that bitcoin is "exciting" because of the fact that it can show how cheap sending money can be. Here's what he told Bloomberg's Erik....
Related News
If you're reading this, there's a chance that you might already think that Bitcoin is an exciting new technology. Now, Bitcoiners around the world can feel just a little more vindicated in their opinion as it has been backed up by none other than Microsoft founder and philanthropist technologist extraordinaire, Bill Gates. Bill Gates has been known for decades as a visionary pioneer that tries his best to keep abreast of new technologies whether or not his projects are personally involved or not. Bill Gates Answers the Bitcoin Question, Again. In a recent Reddit Ask Me Anything (AMA), Bill....
The biggest digital currency named Bitcoin is quite famous these days, not only because of its magical way of sending money without the help of any third parties, but also for its involvement in cyber crimes. It is often regarded as something amazingly innovative with the potential to disrupt the financial system that we know today, and it is also something that attracts interest — or in some cases, causes distress — of investors and economists from all over the world. During his “Ask Me Anything” session on Reddit platform, Bill Gates mentioned BitcoinCT r: 8 as “an exciting new....
During an interview onBloomberg TV's "Street Smart" today, Bill Gates responded to new questions about bitcoin and its potential to bring innovation to the payments industry. The technology advisor at Microsoft, founder of the Bill & Melinda Gates Foundation and recently crowned richest man in the world, in turn, provided short and somewhat muddled responses, though Gates addressed bitcoin more specifically than he has in the past. Calling bitcoin "exciting" because of its ability to provide a relatively low-cost transaction network, Gates told Bloomberg: "Bitcoin is better than currency....
Bill Gates has updated his stance on Bitcoin since calling it simply a "technological tour-de-force" months ago. Earlier today, speaking with Bloomberg TV's Erik Schatzker, Bill Gates admitted "the Bitcoin technology is key." Earlier today, Bill Gates gave the final speech at SIBOS 2014, the annual SWIFT banking conference held this year in Boston. The Gates Foundation recently pledged $50 million USD to fight Ebola worldwide. In his speech, Bill Gates shared his vast well of experience with the Bill and Melinda Gates Foundations' efforts to combat financial inequality around the world.....
Bill and Melinda Gates at Lee High School in Houston, Texas. Source: gatesfoundation.org. Bill Gates, founder of Microsoft an co-chair of the Bill & Melinda Gates Foundation did an 'AMA' (ask-me-anything) today on Reddit.com, and interestingly, the most-voted question to be answered related to digital currency. Asked by user 'shiruken': "What are you thoughts about cryptocurrencies like Bitcoin?" An hour later, Mr. Gates responded with the following (bold emphasis ours): The foundation is involved in digital money but unlike Bitcoin it would not be anonymous digital money. In Kenya M-pesa....