Bill Gates flash Bitcoin words: It hurts.
Bill Gates, the founder of Microsoft, said that Bitcoin mining is harmful to the environment due to excessive energy use and harms the climate. Emphasizing that he has never bought Bitcoin until now, Gates said that he preferred investments that create concrete products, such as vaccines.
Emphasizing that he has never bought Bitcoin before, during a conversation held through the social communication network Clubhouse, Gates said that he preferred investments that create concrete products such as vaccines.
Pointing to the excessive use of electricity in cryptocurrency mining, Gates said, “The transfer of Bitcoin consumes the highest level of electricity ever known. If this is green energy and it is too much for other uses, then maybe it may not be a problem.”
Emphasizing that he is seen as skeptical about Bitcoin. He does not see it related to his approach in the energy context; Gates said that his foundation is developing its digital currency that will have a “very low transfer fee in the thousandth.”