## Bill Gates’ Bitcoin Skepticism: From Reddits to Shareholder Meetings
Bill Gates, the tech titan behind Microsoft, hasn’t exactly been a cheerleader for cryptocurrencies. His public pronouncements have consistently reflected a cautious, even skeptical, outlook on Bitcoin and the broader crypto market. While his personal stance remains clear, a surprising twist has emerged: Microsoft, the very company he co-founded, will now evaluate the possibility of investing in Bitcoin.
This development stems from a shareholder request, highlighting the growing interest in Bitcoin, even as some prominent figures like Gates remain unconvinced. Gates, known for his focus on tangible value creation, has expressed concerns over the inherent volatility of cryptocurrencies. In a Reddit AMA (Ask Me Anything) session back in May 2022, Gates stated he doesn’t hold any crypto assets, preferring investments that deliver tangible output.
“The value of companies is based on how they make great products. The value of crypto is just what some other person decides someone else will pay for it, so not adding to society like other investments,” Gates explained. His comments came at a time when Bitcoin was trading at $30,314.33. Had someone invested $1000 in Bitcoin then, ignoring Gates’ skepticism, they’d be sitting on a substantial unrealized gain of 138% today, with Bitcoin now valued at $72,208.22.
While Gates has repeatedly emphasized the risks associated with Bitcoin’s volatility, particularly for those who may not have the financial resources to weather its fluctuations, the tide seems to be turning. Microsoft, the company he co-founded, is now preparing to assess the viability of Bitcoin investment, driven by a shareholder proposal. The shareholders, recognizing Bitcoin’s impressive gains – almost 100% in the past year and a staggering 414% over the last five years – have urged the board to consider the potential benefits of adding Bitcoin to their portfolio.
This news sheds light on the complex relationship between traditional tech giants and the rapidly evolving world of cryptocurrency. While Bill Gates remains skeptical, Microsoft’s willingness to evaluate Bitcoin investment signifies a shift in perception within the corporate landscape. It also underscores the ongoing debate surrounding the intrinsic value of Bitcoin, its volatility, and its potential impact on the global financial system.
