Sat 14th Jan 2023 ▪ 19:00 ▪
4
min read – from
Bill Gates, co-founder of Microsoft and great technology tycoon, has never hidden his dislike for Web 3 and the crypto universe. He proved it again during a recent “Ask Me Anything” session on Reddit. It is an American community website for discussion and social news. In fact, during the exchange, he did not fail to pour cold water on web 3 and crypto, thus undermining the hopes of all those who dream that these two technologies will become the new revolution of the world on a par with the internet.
Bill Gates: enemy of cryptocurrencies and the web 3?
In response to a user’s question on the question of the next technological change, Bill Gates said so artificial intelligence (AI) it was the most important. Therefore, his company has invested billions of dollars in the field that could be the biggest revolution taking place today.
Also, the user recalled Bill Gates’ famous quote from the early 2000s about the rise of the Internet. Because many greatly overestimated his potential during the first five years, but doubted his future after ten years. The quote proved to be very prescient following the internet bubble.
In the process, Bill Gates warned all those willing to bet on new technological trends such as the web 3 and the metaverse.
However, Bill Gates’ dislike of the network 3 and encryption is nothing new. In fact, the tech mogul estimated it last June non-fungible tokens (NFTs) they were based on the greatest fools theory. A bearish comment from Gates reported by U.Today.
Note that in 2018, Bill Gates said he can short out bitcoins, the largest cryptocurrency in the world, if you wanted to. Similarly, he criticized Bitcoin for excessive energy consumption before softening his stance to take a more neutral view.
However, despite the anti-crypto stance of Gates, many are still confident about the possibilities offered by some Blockchain-based companies. And this, despite the financial disasters they can create, as demonstrated by the case of FTX by Sam Bankman-Fried.
Conclusion
Microsoft co-founder and tech guru Bill Gates blew up the world of financial products and the web 3 in a Reddit exchange. Despite its many caveats and artificial intelligence (AI) biases, many users still retain the desire to invest in cryptocurrencies, NFTs, or the metaverse.
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PhD student in financial law and expert SEO web editor, Cédrick Aimé is passionate about cryptocurrencies, trading, etc. He naturally participates thanks to his articles in the daily blockchain revolution for a better democratization of DeFi.