Bill Gates says Cryptocurrencies are leading to “death” and are very risky

you know what else is used to fund terrorism, buy fentanyl and other drugs? The USD.” Another user hinted that Microsoft’s Windows is also used to fund terrorist activity and drug trafficking. User Always_Question jokes: “Terrorists breath air too, so we should ban that. Tennis shoes as well.”

Of course, Bill Gates is not the only critic of cryptocurrencies. Many economists and business people have not stopped criticizing it, the most serious being from Nobel laureate Joseph Stiglitz, who said Bitcoin should be banned altogether. ” Bitcoin’s success is simply because it can be used to evade legal regulation and it does not have any socially useful function .”

Nobel Prize winner Joseph Stiglitz CEOs at Goldman Sachs and JPMorgan think Bitcoin is “cheating” and Buffett warned it was “a real bubble.”

Few governments have embraced the development of cryptocurrencies such as bitcoin, possibly with the exception of Japan, where most countries have declared that they want to tighten their regulation and issue warnings to investors, while China has completely banned.

No matter what the future fate of cryptocurrencies, the blockchain technology that supports them should always be there. Many believe the blockchain is actually more valuable than these hyped cryptocurrencies because of the potential for changing the future of global commerce and financial transactions.