Bill Gates, co -founder of Microsoft (MS), the world’s largest software business, assessed negatively ..

Bill Gates, co -founder of Microsoft (MS), the world’s largest software business, assessed negatively virtual currency and said, “It’s at all useless.”

Gates made the comments in an interview with the New York Times prior to the publication of his autobiography, “Source Code: My Beginning.”

Gates, who turned 70 this year, wrote an autobiography looking at his life from childhood to the present, the first of the trilogy.

“People with high IQ deceive themselves about the problem,” Gates said, answering the question, “What good will virtual currency be?” “There’s no such thing as a billionaire club,” he said. “There is no overall meaning.”

Gates is ranked eighth in the world’s richest person in the Bloomberg Billionaires index with a fortune of $ 165 billion (about 240 trillion won).

This is not the first time Gates has criticized virtual currency. At the climate change conference in 2022 in Berkeley, California, he said: “Virtual currency projects like new are nonsense based on the ‘larger-fall theory’.

‘Dummy Fool Theory’ refers to investment based on the expectation that there are investors who will buy at a higher price than themselves, that is, a ‘dummy fool’, even though they know that the price of a product is abnormally high .

He also emphasized that a large amount of current is consumed in the process of mining or trade in bitcoin, which can adversely affect climate change.

For this reason, Gates has been in violation of Tesla CEO Elon Musk. “Just because Tesla CEO Elon Musk and Tesla invest in Bitcoin does not mean that ordinary investors should follow him,” he said, warning, “if you have less wealth than Musk, be careful about your investment.”

“Source Code: My Beginning” is the first of Gates’ first autobiography -trilogy. Gates, who turn 70 this year, wrote an autobiography looking at his personal life from childhood to the present. “Gates are different from other technological billionaires,” said Nyt.

Gates previously told The Times of London that his divorce from his wife Melinda French Gates was the most regrettable thing in his life.