Today Bill Gates, the founder of Microsoft, took a neutral position on Bitcoin while acknowledging that money is heading towards a digital future.
Bill Gates takes a neutral view on the leading crypto
The price of Bitcoin has generated a great fuss in the world, which has caused that today almost everyone has a position on the leading crypto.
Therefore, one of the most frequently asked questions today during interviews relates to Bitcoin. Especially when it comes to conversations with great personalities like Bill Gates.
The founder of Microsoft participated in an interview with CNBC where he claimed not to hold positions in the leading crypto. However, he warned that he had adopted a neutral view.
He also added that he believes that money is transforming into something much more digital and seeking to reduce transaction costs. However, Gates explained that “Bitcoin can go up and down only based on the craze or whatever the opinions are. I have no way of predicting how it will progress.
It is worth mentioning that Gates’ view of the crypto leader has undergone changes in recent years. Exactly just under three years ago, Bill Gates was billed as a Bitcoin pessimist.
“As an asset class, it is not producing anything, so you should not expect it to increase. It’s kind of a pure investment of sillier theory, ”Gates said on CNBC’s Squawk Box in May 2018.
Just yesterday Brad Smith, president of Microsoft, assured that, although he is not closed to the possibility, the company has no plans to invest in crypto.
BitPay receives a large crypto fine
BitPay agreed to pay a fine of USD 507,375 to the United States Treasury Office of Foreign Assets Control (“OFAC”) for 2,102 apparent violations of international sanctions.
According to the advisory, BitPay facilitated payments in nations sanctioned by the United States including Cuba, North Korea, Iran and Syria between 2013 and 2018.
Robinhood CEO says SEC is outdated
Vlad Tenev, CEO of Robinhood, was questioned earlier today by the United States Congress in the face of the GameStop frenzy. In this way, Tenev assigned part of the responsibility to the SEC for having outdated business rules.
“The clearinghouse takes several days to process the transaction. This is known as a T + 2 settlement, which prohibits stockbrokers from buying or selling a security later than the second business day after the execution of the operation, “he explained.
Therefore, according to Tenev, it was this rule that caused Robinhood to stop trading. Will the crypto community forgive him?
In a few lines …
Robinhood plans to implement crypto deposits and withdrawals to the platform. Cathie Wood, CEO of Ark Investment Management, assured that the probabilities that the US authorities approve a Bitcoin crypto ETF increased. 500.com acquires BTC.com, one of the largest pools of Bitcoin crypto mining.
Did you like the content? Share it