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In an interview with “Bloomberg,” Gates said, speaking to Bitcoin investors: “Any investor who doesn’t have as much money as Musk should avoid investing in Bitcoin.”
Gates added, “Random fluctuations in Bitcoin prices are not a problem for people like Musk who have a lot of money, while the risks will be worrisome for others.”
And Gates had indicated in previous statements that he had not invested in bitcoin, indicating his preference for investing in companies that make products, according to the US magazine “Forbes”.
The cryptocurrency markets have seen rampant activity this year as top bosses and business executives started to take the emerging asset class seriously, pumping money into the industry and increasing the confidence of small speculators.
A $ 1.5 billion investment by electric car maker Tesla in the cryptocurrency this month helped push Bitcoin’s value above $ 50,000, but it could now put pressure on the price of the share of the company, which has been severely affected by Bitcoin’s moves. .
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