Microsoft founder Bill Gates has expressed scepticism about bitcoin, saying he would be prepared to short it if there were a simple way to do it. Gates pointed to the asset’s lack of intrinsic value, saying that as nothing is being produced, investors cannot expect the asset to continually go up in value. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
Microsoft founder Bill Gates has expressed scepticism about bitcoin, saying he would be prepared to short it if there were a simple way to do it. Gates pointed to the asset’s lack of intrinsic value, saying that as nothing is being produced, investors cannot expect the asset to continually go up in value. His scepticism does not extent to blockchain, which he sees as a potentially useful technology.