Bill Gates attacks Web 3 and crypto!

Bill Gates attacks Web 3 and crypto!

Sat 14 Jan 2023 ▪ 7:00 p.m. ▪
4
min read – by
Cédrick Aimé GUELANG OFALABEN

Bill Gates, co-founder of Microsoft and great tech mogul, has never hidden his dislike of Web 3 and the crypto universe. He demonstrated it again during a recent “Ask Me Anything” session on Reddit. It is an American community website for social discussion and news. Indeed, during the exchange, he did not fail to pour cold water on web 3 and crypto, thus undermining the hopes of all those who dream of these two technologies becoming the new revolution of the world at like the internet.

The American billionaire knocks out the

Bill Gates: enemy of crypto and web 3?

In response to a user’s question on the question of the next technological change, Bill Gates said that artificial intelligence (AI) was the most important. Thus, his company has invested billions of dollars in the field which could be the biggest revolution taking place today.

Furthermore, the user recalled Bill Gates’ famous quote from the early 2000s about the rise of the internet. Because many greatly overestimated its potential during the first five years, but doubted its future after ten years. The quote turned out to be very prescient following the internet bubble.

In the process, Bill Gates warned all those who wish to bet on new technological trends such as web 3 and the metaverse.

However, Bill Gates’ aversion to the web 3 and crypto is nothing new. Indeed, the tech mogul opined last June that non-fungible tokens (NFTs) were based on the biggest fool theory. A bearish comment from Gates reported by U.Today.

Note that in 2018, Bill Gates said he could short Bitcoin, the biggest crypto in the world, if he wanted to. Likewise, he blasted Bitcoin for excessive energy consumption before softening his stance by taking a more neutral view.

However, despite Gates’ anti-crypto stance, many remain hopeful about the possibilities some Blockchain-based businesses offer. And this, despite the financial disasters they can create, as proven by the case of FTX by Sam Bankman-Fried.

Conclusion

Bill Gates, co-founder of Microsoft and technology guru, blasted the world of financial products as well as the web 3 in an exchange on Reddit. Despite its many warnings and preferences for artificial intelligence (AI), many users still maintain the desire to invest in crypto, NFTs or the metaverse.

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Cédrick Aimé GUELANG OFALABEN avatar
Cédrick Aimé GUELANG OFALABEN

Doctoral student in financial law and experienced SEO web editor, Cédrick Aimé is passionate about cryptocurrencies, trading, etc. He naturally participates thanks to his articles in the daily blockchain revolution for a better democratization of DeFi.