Bill Gates says crypto has ‘no value’ amid prediction of 90% correction

Most analysts are predicting more pain ahead too.

It comes as Microsoft founder Bill Gates trashed crypto in the latest critical comments from the world’s wealthy elite.

After Warren Buffett described bitcoin as “worthless”, Gates explained why he doesn’t own any cryptocurrency.

“I like investing in things that have valuable output,” he said during an Ask Me Anything exchange on Reddit. “The value of companies is based on how they make great products. The value of crypto is just what some other person decides someone else will pay for it so not adding to society like other investments.”