The billionaire co-founder of Microsoft pointed out that he is concerned about “people who get carried away with Bitcoin and who do not have much money left over”, due to the high volatility of the price of that cryptoactive.

Billionaire and philanthropist Bill Gates, who is also a co-founder of the Microsoft technology company, recently expressed his position on Bitcoin, a cryptocurrency that has gained more and more followers in recent years.

In an interview for Bloomberg, the businessman warned about the volatility that cryptocurrencies have in general, noting that in a matter of days they can lose up to 50% of their value.

Given this, Gates also referred to the influence that another billionaire like Elon Musk has shown in that crypto market, who can affect the value of Bitcoin or other virtual currencies just by posting a tweet.

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“I’m worried about people who get carried away and don’t have much money left over, so I’m not optimistic about bitcoins,” the Microsoft co-founder was quoted as saying by the Spanish media La Vanguardia.

For this reason, Gates stressed that Musk’s cryptocurrencies do not concern him, above all, because Musk is the man with the most money in the world, due to his companies such as Tesla or SpaceX.

In 2021, Musk caused a sudden spike in the value of Bitcoin just by making an announcement that his electric vehicle company Tesla was accepting payments in the cryptocurrency.

However, months later he confirmed that the same company would stop accepting payments in Bitcoin, something that, as expected, also affected the price of the cryptoactive, although in a negative way.

Due to those same fluctuations in the cryptocurrency market, Gates stated in the Bloomberg interview that “if you have less money than Elon, you should be careful”, this with respect to investments in Bitcoin, because if a user who has few economic resources If you invest in such digital assets, you could lose your money in the event of a sudden drop in value.

This is not the first time that Gates has expressed his mistrust of cryptocurrencies and, in fact, international institutions and the United States government itself have warned about how insecure they are for the economy and financial stability, both due to volatility and decentralized feature they possess, something that allows them to function outside of international financial regulations.