Bill Gates explained the absence of cryptocurrencies in his investment portfolio

Microsoft founder Bill Gates said during an AMA session on Reddit that he does not own cryptocurrency.

"I like to invest in something that has value. The value of companies is based on the fact that they make great products," Gates explained.

In his opinion, digital assets are not included in this category.

"The value of cryptocurrencies depends on a person's decision that someone else is willing to pay for it," the billionaire noted.

Gates added that such assets do not benefit society.

In February 2021, the founder of Microsoft urged potential investors not to take an example from Tesla, which invested $ 1.5 billion in bitcoin. In his opinion, owners of less capital than Elon Musk, "should be more careful."

Recall that in March 2021, Gates saw bitcoin as a problem for the global climate.

Earlier, former chairman of the US Federal Reserve Ben Bernanke questioned the prospects of digital gold as an alternative to fiat. According to him, bitcoin is attractive "as a speculative asset."