While it seems like Gates is exclusively anti-bitcoin here, he did claim that the blockchain technology that sustains it does have some value. Buffets believes that Bitcoin is driven by only one factor which people's demand therefore thus making the digital currency a handy tool for Charlatans.
Bitcoin, which is getting closer to the $10,000 levels, fell 1.2 percent on the Bitfinex exchange, arriving at $9,431.6.
On the subject of ICOs, he considers them to be speculations of a insane variety. "It's kind of a pure "greater fool theory" type of investment", he said, also noting that if he could short it, he would. He has mentioned that he was given some Bitcoin for his birthday but sold them a few years afterwards.
The report added that the plan has "not been finalized and the project could still fall apart", but the mere fact that it is even being considered adds to growing mainstream acceptance of bitcoin as an asset class that has a legitimate goal for investment.
Bill Gates says he'd bet against Bitcoin
Showing his concern about the threat to the insurance industry, CEO of multinational conglomerate Berkshire Hathaway Warren Buffett has said that cybersecurity risks will get worse in the years to come.
But the most important and shocking thing he said was that he would short it.
Berkshire vice chairman and longtime Buffett confidant Charlie Munger was much more blunt.
Most recently, during the Berkshire Hathaway shareholder annual meeting on Saturday, May 5 Buffett seemed not to shift positions when it comes to investing in the asset. According to Munger: "Somebody else is trading turds, and then you decide I cat be left out". Addressing his boss, he said that he "likes cryptocurrencies a lot less" than his colleague already does. "To me, it is simply dementia".
Gunman Injures Pakistan Interior Minister
Iqbal, who was shot in the arm on Sunday evening, was shifted to the Intensive Care Unit (ICU) after his surgery was completed. Confirming the incident, Pakistan Muslim League-Nawaz (PML-N) leader Tallal Chaudhry said Iqbal was out of danger.