Bill Gates: "I Would Stop The Bitcoin Circulation If I Could"

The fever for cryptocurrencies has generated different positions: some believe that it is the future and others a total deception. The founder of Microsoft, Bill Gates, had previously shown his rejection on Reddit. But now his strong statements have expanded to such a point that he would bet against bitcoin if he could.

In an interview for CNBC, Gates talked about the fluctuating trend of cryptocurrencies and how this feature makes them one of the "most crazy and speculative things.

"As an asset class (the bitcoin), you are not producing anything and therefore you should not expect it to go up. It's a kind of inversion of the 'Biggest fool's theory', "he declared. He added that if he could cut his circulation, he would.

The founder of Microsoft also said that he once received bitcoin as a gift for his birthday but ended up selling them a few years later. Despite his criticism of cryptocurrencies, Gates gave credit to the blockchain technology on which they are based.

All in all, billionaire investors Warren Buffett and Charles Munger also held a similar position calling bitcoin "rat poison".

The frenzy over these virtual currencies seems to have no limit. Weeks ago, a group of neo-Nazis opted for Monero, one more focused on privacy. In addition, Elon Musk's Tesla was recently the victim of an attack to mine cryptocurrencies on its servers.