BlockNews.com
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides
No Result
View All Result
SUBSCRIBE
BlockNews.com
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides
No Result
View All Result
BlockNews.com
No Result
View All Result
Home Crypto

Bill Gates Calls Out on BAYC as Trash

BlockNews Team by BlockNews Team
August 15, 2022
in Crypto, NFT
Reading Time: 2 mins read
A A
Bill Gates Calls Out on BAYC as Trash
1
SHARES
19
VIEWS
Share on TwitterShare on Reddit

Everyone in the crypto community knows how much Bill Gates hates cryptocurrency and NFTs. Recently, he told in a TechCrunch event that Bored Ape NFTs are nothing but “expensive digital images of monkeys.”

You might also like

Around The Block – MAR 24 Week in News

Web3 Needs its ‘WordPress Moment’ to Speed up Positive Disruption

UK to Mandate Declaration of Crypto Holdings in Tax Forms

He also warned that criminals could use cryptocurrency to launder money or anonymously buy illegal goods.

After all, there’s just no way to convince the Microsoft founder to change his opinion toward blockchain technology.

Crypto Has No Value According to Bill Gates

When asked about his thoughts on crypto and NFTs, he dismissed the steep costs of some NFT collectibles. He also stated that the sort of assets he admires is not a cryptocurrency.

“I think people are excited about something new, and I get that,” Gates said. “I’m not excited about paying $69 million for an expensive digital image of a monkey. That doesn’t strike me as improving the world immensely.”

Gates has been critical of cryptocurrencies in the past, saying in 2018 that Bitcoin and other digital assets were “one of the crazier, speculative things” he’d seen.

He also warned that criminals could use cryptocurrency to launder money or anonymously buy illegal goods.

Given his past comments about the space, it’s not surprising that Gates is dismissive of crypto and NFTs.
But it’s worth noting that he’s not alone in his thinking.

Many high-profile investors and business leaders have also been critical of the crypto space, including Warren Buffett, Jamie Dimon, and Charlie Munger. So while the crypto world continues to grow and evolve, it’s clear that there are still plenty of skeptics out there.

Cryptocurrency values dropped this week when Celsius, a crypto lending firm, stopped all account withdrawals. There are worries about Celsius’s impending bankruptcy and possible ripple consequences across the cryptocurrency market following the issue. According to Celsius, it is doing its best to support the community within the given time.

Tags: bill gatescryptoNFT
TweetShareShare

Recommended For You

Around The Block – MAR 24 Week in News

by BlockNews Team
March 24, 2023
0
Around the Block

Introduction In this recap of the crypto world, we will explore the events and news that had the most significant impact in the past week of March 20th....

Read more

Web3 Needs its ‘WordPress Moment’ to Speed up Positive Disruption

by BlockNews Team
March 24, 2023
0
quicknode

QuickNode is leading the charge as Web3 is poised to revolutionize the world, but it needs its "WordPress moment" to accelerate positive disruption. Blockchain technology can upend manual-intensive...

Read more

UK to Mandate Declaration of Crypto Holdings in Tax Forms

by BlockNews Team
March 24, 2023
0
parliment

The government hopes to close regulatory gaps and stop illegal operations by enacting rules that address various parts of the industry. The requirement to disclose cryptocurrency holdings in...

Read more

The Fed Increases Interest Rates By 25 Basis Points- Impact On Crypto Prices

by BlockNews Team
March 24, 2023
0
The Fed Increases Interest Rates By 25 Basis Points- Impact On Crypto Prices

Crypto prices display rapid fluctuations as the U.S. Federal Reserve hikes interest rates by 0.25%. Investors remain upbeat about the medium-term outlook of Bitcoin and the wider crypto...

Read more

Telegram Enables USDT Stablecoin Payments on the Tron Network

by BlockNews Team
March 24, 2023
0
Telegram

Telegram integrates USDT-TRON (TRC20) into its platform, allowing users to send the stablecoin to their contacts seamlessly and without transaction fees. Telegram's venture into cryptocurrencies began with the...

Read more
Next Post
Hackers Used the Copycat Method to Steal $88 Million from the Nomad Bridge

Hackers Used the Copycat Method to Steal $88 Million from the Nomad Bridge

Related News

FTX

FTX Wins Bid to Buy Crypto Lender Voyager Digital’s Assets Out of Bankruptcy

September 28, 2022
crypto

2023 Crypto Outlook For Stablecoins, DeFi, And NFTs – Looking At the Data

January 17, 2023
Judge lets lawsuit claiming NBA TopShot moments are securities move forward

Judge lets lawsuit claiming NBA TopShot moments are securities move forward

February 23, 2023

Browse by Category

  • Breaking News
  • Business
  • Crypto
  • DeFi
  • Finance
  • Gaming
  • Guides
  • Investing
  • Media
  • Metaverse
  • NFT
  • Opinion
  • Politics
  • Social
  • Technology
  • Uncategorized
BlockNews.com

BlockNews.com brings you the most important Crypto and NFT news in the space.

CATEGORIES

  • Breaking News
  • Business
  • Crypto
  • DeFi
  • Finance
  • Gaming
  • Guides
  • Investing
  • Media
  • Metaverse
  • NFT
  • Opinion
  • Politics
  • Social
  • Technology
  • Uncategorized

RECENT POSTS

  • Around The Block – MAR 24 Week in News March 24, 2023
  • Web3 Needs its ‘WordPress Moment’ to Speed up Positive Disruption March 24, 2023
  • UK to Mandate Declaration of Crypto Holdings in Tax Forms March 24, 2023

© 2022 BlockNews.com - Crypto and NFT news website by JRNY Club.

No Result
View All Result
  • Home
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides

© 2022 BlockNews.com - Crypto and NFT news website by JRNY Club.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?