The billionaire co-founder of Microsoft has revealed his stance on a type of investment he recommends avoiding.
Bill Gates is recognized in the world for being the Microsoft co-founder and for having become one of the most influential tycoons in the world. But, contrary to what one might believe, Not all of this billionaire’s investments turn out well.. In that framework, Gates decided to reveal his opinion about a type of investment that he does not recommend.
Among the cases of failed tycoon investmentshis attempt is recognized in the smartphone market. In 2013, Microsoft bought the company Nokia for $7.2 billion, but the story did not end well. The investment did not meet expectationsthe company went through a large depreciation and there was thousands of layoffs. Ultimately, the company co-founded by Gates walked away from the smartphone business.
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But, beyond this failed investment, the billionaire, who also strongly influences global public opinion, recounted his opinion over a type of investment in which still not confident when doing business.
What is the investment that Bill Gates recommends avoiding?
Bill Gates recommends not saving in cryptocurrencies. To be more specific, the American tycoon defends the use of digital money as a payment mechanism, but argues that it is not recommended that savings depend on the price of cryptocurrencies.
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The country
In fact, in that sense, in an interview he offered in 2021, the co-founder of Microsoft referred to Elon Musk. On that occasion he explained that he is not worried about what the volatility of Bitcoin could do to the South African tycoon since, as he expressed, “Elon has tons of money”.
But on that same occasion, he clearly established the differentiation between cases such as that of Elon Musk and that of any average investor. “If you have less money than Elon, you should probably be careful“, he maintained. And he added:” I think that people who get carried away by these hobbies may not have as much money, so I am not full of optimism about Bitcoin“.
Source: Ambito
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