Bill Gates Told People To ‘Watch Out’ As He Issued Warning About Elon Musk

By Haider Ali in News On 23rd October 2023

Bill Gates is far less excited about Bitcoin than Elon Musk, who is a major supporter of the digital currency.

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Musk has made no secret of his passion for cryptocurrencies, especially Dogecoin.

The multibillionaire has tweeted about Dogecoin multiple times, which has led to a nearly 6,000% increase in price over the course of two years.

After that, it has kept falling, and Musk is currently facing insider trading lawsuits.

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Investors think that the 52-year-old raised Dogecoin's price by paying online influencers and posting on Twitter.

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Gates warned individuals to "watch out" if they intended to spend their hard-earned money in cryptocurrencies because the Bitcoin market is so volatile.

In an earlier interview with Bloomberg Technology, the 67-year-old founder of Microsoft stated: "Elon has tons of money and he's very sophisticated so I don't worry that his Bitcoin will randomly go up or down.”

"I do think people get brought into these manias who may not have as much money to spare so I'm not bullish on Bitcoin.”

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"My general thought would be if you have less money than Elon, watch out."

Despite his reservations, Gates acknowledged that digital money is "a super positive thing."

His remarks also included the irreversibility of Bitcoin transactions, which earlier this year put one cryptocurrency user in a difficult situation when they unintentionally sent $1.5 million to the wrong person.

The anonymous sender, who gave the money to a user going by the handle "jaredfromsubway," took to Discord to request that it be returned to them.

"Jared from Subway, if you are reading this please help. I sent you by mistake tokens for about $1.5 m. Is there any possibility to get them back?” they penned.

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But then things went dark.

"Or my investors would kill me," the person went on.

"Please help, Jared! I want to live."

Later, the request became viral on X, inspiring others to follow Gates' lead and advise others against using Bitcoin.

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Back then, one individual stated: "It's incredible how much trust people put in these decentralized systems, but it's also a reminder to always double-check the wallet address before sending large amounts of money!"

By some miracle, Jared saw the popular post and decided to give the customer their money back. However, not everyone would have been so generous.