Microsoft Corporation founder Bill Gates has said he doesn’t own any cryptocurrency because he prefers to invest in things that have “valuable output.”
What Happened
Over the weekend, Gates responded to a number of questions from users across the world on a Reddit “ask me anything” thread.
In response to one particular question about his thoughts on Bitcoin and other cryptocurrencies, Gates explained why he doesn’t own any form of digital currency.
“I don’t own any. I like investing in things that have valuable output,” he said.
“The value of companies is based on how they make great products. The value of crypto is just what some other person decides someone else will pay for it, so not adding to society like other investments.”…