Specifically, in a recent interview with the Bloomberg news agency , when asked about his views on the digital currency Bitcoin, billionaire Bill Gates gave advice for those who want to invest in this currency.
"Don’t touch Bitcoin if you don’t have as much money as Elon Musk," said Bill Gates. "Elon has a lot of money and he is very discerning. With Elon, Bitcoin price volatility is not so important. My general thought is ... if you have less money than Elon, you should probably do." room".
Bill Gates said he worries that many people who are not too financially rich will spend all their savings to invest in the Bitcoin "fever" and lose everything.
This is not the first time Bill Gates has expressed his views on Bitcoin and cryptocurrencies. A few days ago, in a reply to The Wall Street Journal , the Microsoft founder said that he is not a "fan" of Bitcoin and cryptocurrencies, so take a neutral view of the types. this money. Bill Gates also confirmed that he does not own any cryptocurrencies and has no intention of investing in crypto.
Bitcoin prices "plummeted" after a comment by Elon Musk
Also in an interview with The Wall Street Journal , Bill Gates stated that: "Bitcoin price can rise or fall based on the mania and opinion of a few people. I have no way to predict. that variation ".
It seems that Bill Gates’ judgment is entirely true of the price movements of Bitcoin in recent days.
Elon Musk is considered to be capable of manipulating cryptocurrency prices with just his comments
Specifically, earlier this week, when Bitcoin hit a record price of $ 57,489 / Bitcoin, Elon Musk made a comment on his personal Twitter page saying: "The price of Bitcoin and Ethereum seems too high." . In his comments, Elon Musk also mentioned Ethereum, the world’s second largest cryptocurrency in terms of market capitalization and transaction volume, behind only Bitcoin.
Following Elon Musk’s comment, the prices of Bitcoin and Ethereum both fell sharply, with Bitcoin falling to $ 46,997 / Bitcoin, while Ethereum also dropped to $ 1,607 / Ethereum from $ 1,957 / Ethereum in the past. Currently, the price of Bitcoin has risen to 50.09 USD / Bitcoin, while the price of Ethereum has not shown any signs of recovery.
The devaluation of the two largest cryptocurrencies in the world after just one comment by Elon Musk shows that Bill Gates’ statement is completely correct, when the price volatility of cryptocurrencies is very unpredictable and seems to be manipulated by only a few individuals.
Elon Musk’s electric car company Tesla said earlier that it has invested $ 1.5 billion in Bitcoin, and according to analysts, Elon Musk’s comment on the Bitcoin price is purposeful, aimed at suppressing the price of the type. This cryptocurrency goes low so it can buy more before "blowing" the high price back to make a profit.
This is not the first time Elon Musk has used this "trick" to "suppress the price". Earlier, in May 2020, Elon Musk commented on his Twitter account: "Tesla’s stock price is too high". Immediately, the stock price of this electric car company fell by 10.3%.
Market analysts said that Elon Musk did not "slap" but purposely "drowned" Tesla shares to buy from investors to increase his holdings. Until now, shares of Tesla Tesla is one of the stocks with a "skyrocketing" price on the stock market.
