Bill Gates has been probed about Bitcoin and his views regarding the digital asset since a heavy institutional wave led by Tesla triggered renewed interest in the crypto scene.
Gates’ approach to Bitcoin may seem conservative to many, but the Microsoft founder explained that not every investor was equipped to handle Bitcoin’s volatility. However, Tesla CEO Elon Musk certainly can, asserted Gates in an interview with Bloomberg. He explained:
“Elon has tons of money, and he’s very sophisticated. I don’t worry that his Bitcoin will sort of randomly go up and down. My general thought would be…if you have less money than Elon, you should probably watch out.”
Gates’ explanation is a warning that Bitcoin’s recent surge to new heights triggered by Tesla’s $1.5 billion BTC purchase may lead retail investors to experience the fear of missing out (fomo) and get swept up into “BTC mania”. However, he advises against this, having previously explained that he had a…