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:
It’s a popular hotspot for Brits A ceiling of a hotel in Spain collapsed on Easter Sunday, leaving at least seven people injured, it has been reported. An eight-year-old girl and a 78-year-old man were among the people injured, but they were later discharged following treatment. The incident happened at a hotel in Benidorm, the […]
The same day Trump warned Iran of facing ‘hell’ In his first Easter Sunday address at the Vatican, Pope Leo spoke about “the deaths of thousands of people” and the repercussions of “hatred and division that conflicts sow”, as he also seemed to have a message for US President Donald Trump. The pope appeared to […]
New rule has caught millions by surprise Under new military service rules in Germany, men must ask army for permission to leave the country. As per the new rules, those who are aged between 17 and 45 should obtain a permit for trips abroad. That is, if they plan to stay outside the country for […]