News hardware During the fall of Bitcoin, personalities think that cryptocurrencies are worthless
Last month, Google announced the end of bitcoin with increasing queries on the search term “bitcoin dead”. Nevertheless, despite a vertiginous drop from €65,000 to €19,000, it is still not dead, no offense to certain public figures…
Bitcoin the “crazy” asset according to Bill Gates
Bill Gates, founder of Microsoft, has repeatedly demonstrated that he is not one of the followers of Bitcoin. Although he has been in the technology sector for several years, the famous billionaire considers that Bitcoin does not really provide a solution or value. He thinks that the notoriety of cryptocurrency is founded mainly thanks to its speculators whom he designates as “crazy”. Last May, when the eyes of crypto-enthusiasts were riveted on the fall of Bitcoin, Bill Gates decided to drive the point home by declaring about cryptocurrencies:
“I don’t own any. I like to invest in things that have value”. “The value of cryptocurrencies is just what another person decides someone else will pay for it, so it doesn’t add anything to society like other investments”
Beyond its speculative aspect, Bill Gates, investing in an ecological quest, is also worried about the environmental impact of Bitcoin.
“It uses more electricity per transaction than any other method known to mankind,” the billionaire told The New York Times.
Christine Lagarde and Bitcoin regulation
The former director of the International Monetary Fund (IMF) currently president of the European Central Bank (ECB) has also shown herself to be against Bitcoin several times. During an interview for Dutch television, Christine Lagarde then in a cryptocurrency regulation project, pointed out the risks of losses incurred by retail investors:
“Many have no knowledge of the risks involved. They risk losing everything. That’s why I think all this should be strictly regulated.”
In the absence of technical knowledge on the blockchain, thereafter, she had estimated that cryptocurrencies were worthless:
“I have always said that cryptocurrencies are highly speculative and very risky assets. My very humble assessment is that it is worthless. It is not based on anything, there are no underlying assets to act as a safety anchor.”
An argument that had benefited the President of the ECB to announce that a digital euro project based on the blockchain could solve this problem of value, according to her:
“The day we have central bank digital currency, any digital euro, I’ll guarantee it. So the central bank will be behind this. I think that’s very different from any of these things.”
Words that are not necessarily to the taste of the whole Lagarde family since the son of the President of the ECB invests in cryptocurrency.
Warren Buffet and cryptocurrencies
Finally, the last on the list to be “anticrypto” is the famous American businessman and successful investor Warren Buffet. The billionaire is clear, he defines Bitcoin as “rat poison”…
“I don’t know if in five or ten years it will be worth more or less than it is today. But what I’m sure of is that it doesn’t modify anything, doesn’t produce anything,” explained Warren Buffet.
Preferring to invest in commodities or real estate, the investor had declared that he would not buy Bitcoin, even at a derisory price:
“If you tell me you have all the bitcoins in the world and you offer them to me for $25, I won’t take them, because what could I do with them? I would have to resell them to you one way or another. »
Despite the negative opinion of these personalities, Bitcoin still finds support from other influential figures such as Elon Musk or billionaire Michael Saylor. An ideological battle that is not about to end as long as Bitcoin continues these volatile price cycles.