You may think Bitcoin or other crypto currencies are very dangerous. Microsoft's founder, Bill Gates, however, believes that crypt money can be lethal.
In a Reddit Ask Everything session, the billionaire said that crypto currencies are unique. Because people have made deadly narcotic purchases, causing deaths.
Bill Gates says the crypto is getting drugs.
Gates said:
The main feature of crypto currencies is confidentiality. I do not think that's a good thing. Governments must prevent money laundering, tax evasion and terrorist financing. At this point, cryptographic currencies are being used to buy fentanyl and other drugs. So it is a rare technology that causes death in a very direct way.
He also noted that the "speculative wave" around digital money is "super-risky".
Earlier this week, the European Union announced its intention to regulate cryptographic currencies and reduce trade in virtual currency
In the past year, we can say that some crypto investors are making money from the wildly fluctuating price of Bitcoin or other digital money. Some investors were exposed to heavy losses.
Bitcoin price, after a bumpy year, found 10,600 dollars. We saw last year's decline in value rising to almost $ 20,000 in December by 70%.
