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Technology and vaccine mogul Bill Gates seems to have given the world a warning about billionaire tech colleague Elon Musk, citing the dangers of over-reliance on “digital currencies”.
Gates said the cryptocurrency market is highly risky “for individuals who are not as rich as Musk,” which the media say is absurd to say because Musk is currently the richest man in the world.
He warned against individuals who want to make money by investing in cryptocurrencies without having a large ‘security’ fortune in the event of the collapse of their investment market.
Musk is already one of the leading figures in increasing confidence in cryptocurrencies with some comments and actions in support of them.
The Guardian daily says cryptocurrency ‘Dogecoin’ has risen 5.859 percent since Musk publicly backed the currency on Twitter.
His company Tesla already accepts Dogecoin as payment for its goods, although Musk previously referred to these currencies as ‘added trouble.’
While Gates was asked about the possibility if Musk could make money by investing in Bitcoin rather than by selling his electric vehicles.
“Elon has a lot of money and is a sophisticated man so he does not worry if Bitcoin loses all value. “I think people who do not have a lot of money fall into these obsessions so I say if you do not have as much money as Elon has, be careful,” said Gates.
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