Bill Gates who's the ex-Chief executive of Microsoft, was live on the social media website clubhouse where he said 'Bitcoin was not for me'
Mr Bill Gates Told host Andrew Sorkin that he prefers to invest in Companies that address issues like Malaria and vaccines.
He said things like he does not select his investment due to the basis that they will be worth more to others
In his earlier talks, he criticised Elon Musk Bitcoin enthusiasm which he has on Cryptocurrencies like Bitcoin.
He warned people by saying if you do not have more money than Elon Musk you should watch out when you are investing in Cryptocurrencies.
He continued to say "Elon musk has a lot of money and his very sophisticated, so it's no wonder Bitcoin shall go up and down"
Bitcoin Jumped to a value of $57,000 when Elon Musk revealed that Telsa had invested 1.5bn and also plan to allow Telsa products to be bought with Bitcoin. The announcement so Bitcoin rise to 50% but at present, it has also fallen by 20%
USA treasury Janet Yellen voiced out her concern over Bitcoin. She said "extremely inefficient way of conducting transactions
Bill Gates has always been sceptical of Bitcoin he considers it to be a short-selling assert, where people buy when the product is cheap and quickly sell when it is high.