Bill Gates warned investors against buying bitcoins

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Investments in bitcoin should be treated very carefully. That’s what philanthropist and businessman Bill Gates said on Thursday, February 25.

He noted that investing in bitcoin is bad for the environment because mining the coins requires a lot of electricity.

“Elon [Musk] (founder of SpaceX and Tesla. – Ed.) has a lot of money, and he’s very sophisticated, so I’m not worried that his bitcoins will indiscriminately go up or down,” Bloomberg quoted Gates as saying.

As the businessman noted, he is not optimistic about bitcoin’s rise.

The day before the bitcoin value returned to the mark of $50 thousand.

On February 21, the cryptocurrency reached a record high of $58 thousand, but the next day it went down to $50 thousand and then settled at $44,892. The fall from the maximum was 23%.