Bill Gates has issued a warning to the world about Elon Musk, urging people to think properly before investing in cryptocurrencies.
While a battle of the billionaires sounds interesting by concept, the reality is actually a lot nerdier than initially thought. There's no Hunger Games-style arena nor Mortal Kombat level fighting - instead, the Microsoft creator has reminded us of Musk's indomitable wealth.
The 50-year-old SpaceX founder has been a stringent supporter of cryptocurrencies for almost as long as they have been around, which in all fairness isn't that long. With the highest net-worth of anyone on the planet, currently totalling $229.1bn USD, Gates argues that Musk can afford to gamble with his coin.
Speaking to Bloomberg Technology, Gates was questioned on whether Musk could make more money investing in Bitcoin than Tesla makes.
He replied: "Elon has tons of money and he's very sophisticated so I don't worry that his Bitcoin will randomly go up or down.
"I do think people get brought into these manias who may not have as much money to spare so I'm not bullish on Bitcoin.
"My thought would be if you have less money than Elon, watch out."
https://twitter.com/elonmusk/status/1400620080090730501?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1400620080090730501%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.vox.com%2Frecode%2F2021%2F5%2F18%2F22441831%2Felon-musk-bitcoin-dogecoin-crypto-prices-tesla
Musk has demonstrated a wild control of the cryptocurrency market, with mere tweets skyrocketing or crashing the value of the de-centralised currency. In May of 2021, Musk tweeted that Tesla would no longer be accepting Bitcoin due to environmental concerns - and Bitcoin's value then dropped by 15 per cent.
Later in June, Musk said Tesla would again accept Bitcoin, which drove up the price by eight per cent.
https://twitter.com/elonmusk/status/1396914548167233537?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1396914548167233537%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.vox.com%2Frecode%2F2021%2F5%2F18%2F22441831%2Felon-musk-bitcoin-dogecoin-crypto-prices-tesla
Related links:
Locals awoke to plumes of smoke in the sky An “apocalyptic” fire has raged over night in a UK town with authorities telling resident to stay indoors. The incident caused a large response from emergency services with police at the scene this morning. Fire crews and police officers were called to the scene after alarms […]
Some are excluded The public can have their say on which creatures feature on future banknotes, as eighteen animals, birds and insects have been shortlisted to appear. On the next series of Bank of England notes, the wildlife beauty contest gives the colourful kingfisher and common frog an equal chance of a place. Earlier this […]
It’s not quite as crazy as it sounds Google wants to release 32,000,000 disease-infected mosquitoes into the wild. Yes, you heard that right, and while this may sound like the evil masterplan of a crazed villain, the project is actually one of goodwill for the betterment of humanity. For thousands of years, humans have been […]