Bill Gates flash Bitcoin words: it hurts
Bill Gates, founder of Microsoft, said that Bitcoin mining is harmful to the environment due to excessive energy use and harms the climate. Emphasizing that he has never bought Bitcoin until now, Gates said that he preferred investments that create concrete products, such as vaccines.
Pointing to the excessive use of electricity in cryptocurrency mining, Gates said, "The transfer of Bitcoin consumes the highest level of electricity ever known. If this is green energy and it is too much for other uses, then maybe it may not be a problem."
**Emphasizing that he is seen as skeptical about Bitcoin, he does not see it related to his approach in the energy context, Gates said that in the thousandth, his foundation is developing its own digital currency that will have a "very low transfer fee".
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Bitcoin fell to its lowest level since February 8 on Sunday. Bitcoin, which broke a record after the record with a level of close to 60 thousand dollars, fell 3.7 percent since closing on Friday.
Bitcoin, which recently broke record after record, experienced a sharp decline during the week. As its downward momentum continued, the cryptocurrency hit a 20-day low.
Bitcoin continued to rise after the rally created by Elon Musk and refreshed the record many times. Bitcoin, which saw $ 44,569.87, renewed its fall in the last week.
With the decline in Bitcoin prices in the crypto money market, the news of the public offering of the stock exchanges has recently come to the fore. While the crypto money exchange Coinbase applied for an IPO, the application for the public offering included remarkable evaluations about the crypto money market.
FORECAST OF 400 THOUSAND DOLLARS
Scott Minerd, Guggenheim's chief investment officer (CIO), expects Bitcoin to decline in the short term, but he has a forecast of $ 400,000 in the long run. In the Bitcoin record at the end of 2020, the CIO announced the forecast of $ 400 thousand. However, he then stated that it was not possible for the rise to continue.
Bitcoin price dropped sharply on January 21, falling to the $ 31,000 band. Bitcoin has lost nearly 7 percent in the last 24 hours.