During a recent Ask Me Anything session on Reddit, the Microsoft founder and fourth-richest person in the world said he did not invest in any crypto assets. Only invest in assets with valuable functions, he said.
Gates believes that the value of companies is based on the production of great products, while the value of cryptocurrencies, in his view, is only based on speculation that someone will pay for them in the future. Gates has long been skeptical of cryptocurrencies. In an interview in February, the billionaire also expressed his concern that more and more people are being drawn into the hyped world of crypto.