Microsoft founder Bill Gates has warned potential Bitcoin buyers planning to follow Elon Musk’s investment strategy, that they should “watch out” when it comes to Bitcoin and they have less money than Musk.
“Elon has tons of money, and he’s very sophisticated, so, you know, I don’t worry that his Bitcoin would randomly go up or down,” Bill Gates said speaking to Bloomberg’s Emily Chang.
Gates suggested Musk had access to sophisticated trade management techniques that the average investor isn’t privy to.
When he was asked about the susceptibility of Bitcoin to drop in price in reaction to a mere tweet, Gates said Elon Musk was probably insulated from such market crashes.
‘I’m not bullish on Bitcoin, and my general thought would be: if you have less money than Elon Musk, you should probably watch out,” Bill Gates said.