Bill Gates Slams Cryptocurrency

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Bill Gates recently reiterated his criticism of cryptocurrencies, arguing that their speculative nature and lack of tangible value lead to significant risks for investors, regardless of their intelligence. He highlighted the boom-and-bust cycles and lack of real-world economic contribution as major drawbacks, contrasting crypto with investments he sees as socially beneficial. While acknowledging arguments for financial inclusion and decentralization, Gates maintains that cryptocurrencies primarily enrich those promoting them. His comments offer a cautionary perspective on the cryptocurrency market's inherent volatility and potential for substantial losses.