Skip to content
Subscriber Only
Wealth
Crypto

It’s Gates Versus Musk as World’s Richest Spar Over Bitcoin

  • The third-wealthiest person says he’s not a Bitcoin fan
  • Elon Musk has been a vocal supporter of the cryptocurrency
Video player cover image
WATCH: Gates tells Bloomberg’s Emily Chang that he’s not bullish on bitcoin.Source: Bloomberg
Updated on
From

Unless you’re the world’s richest person, you shouldn’t be buying Bitcoin. That’s the message from Bill Gates — the third richest.

With a rally of more than 400% over the past year, Bitcoin has become increasingly mainstream, and everybody including prominent investors and policy makers have been talking about it. The world’s on-again, off-again richest person, Elon Musk, recently invested $1.5 billion in the cryptocurrency through his company, Tesla Inc., and said Bitcoin would soon be accepted for payments.