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| comment | | "parent_author":"",<br>"parent_permlink":"bill",<br>"author":"raju55555",<br>"permlink":"bill-gates-once-predicted-that-bitcoin-would-be-better-off-in-currency-here-s-the-explanation",<br>"title":"Bill Gates once predicted that Bitcoin would be better off in currency,<br> here's the explanation!",<br>"body":"https:\/\/s14.postimg.org\/5qpatmnup\/21-34-09-images.jpg\n\nSome of the world's leading investors have considered bitcoin madness,<br> with some warnings to avoid it \"like an epidemic\" and others say it's okay to invest.\nAs quoted by CNBC,<br> Wednesday (20\/12\/2017),<br> Microsoft founder Bill Gates has not been too much talk about the problem lately,<br> but he has expressed positive opinion in the past.\n\"Bitcoin is very interesting because it shows how cheap it is,<br>\" said billionaire Bill Gates told Bloomberg in 2014.\n\"Bitcoin is better than currency because you do not have to be physically in the same place and of course,<br> because big deals,<br> currencies can be very inconvenient,<br>\" he added.\nCrypto currency such as bitcoin can be used to buy goods without intermediaries,<br> meaning less need of a bank. Although traditional banking systems may charge high transaction costs,<br> bitcoin allows global transactions to take place at a lower cost.\nJust because it's \"better than currency\" does not mean Crypto currency will replace the old money. In an interview with Backchannel in 2015,<br> Gates asserted that bitcoin technology is a technology that can \"make money move between countries easier and get the cost down quite dramatically\".\nHowever,<br> he said that bitcoin would not be the dominant system. As he says that we need things that attract the bitcoin revolution,<br> but only a few contain bitcoin.\nCurrently,<br> bitcoin is already experiencing some problems,<br> including slow transaction time and increased transaction costs.\nOther experts agree that bitcoin will not become dominant. It's too volatile to be a reliable currency,<br> the \"Shark Tank\" star and investor Kevin O'Leary told CNBC Make It: \"The fact is this is very unstable-volatility is two-way,<br> everything up and down that no one in a substantive Transaction will take that risk.Thus,<br> this is far from the currency.\n\"However,<br> is it an asset? Yes,<br> it is one of the most successful assets on the planet right now because it is a global speculation,<br>\" he added.\nThe value is also difficult to show,<br> because that is very cautious when investing in crypto. \"I do not know the value,<br> and neither is anyone else,<br>\" O'Leary said.\n\"Instability makes it very difficult for me as an investor to put it in the portfolio,<br> so for me,<br> this is speculation,<br>\"",<br>"json_metadata":" \"tags\":[\"bill\",<br>\"gates\",<br>\"bitcoin\",<br>\"news\",<br>\"rich\" ,<br>\"image\":[\"https:\/\/s14.postimg.org\/5qpatmnup\/21-34-09-images.jpg\" ,<br>\"app\":\"steemit\/0.1\",<br>\"format\":\"markdown\" " | | vote | "voter":"raju55555",
"author":"raju55555",
"permlink":"bill-gates-once-predicted-that-bitcoin-would-be-better-off-in-currency-here-s-the-explanation",
"weight":10000 |
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