Many economies consider the financial crisis in 2018 to be the worst economic downturn since the Great Depression. Based on Bill Gates billionaire, the United States (US) is heading to something else like that.
On Tuesday local time, the founder of Microsoft held an event "Ask Me Anything" in Reddit. When a user asks,
"Do you think in the near future, we will experience a similar financial crisis in 2008?" Gates replied with a firm warning but still optimistic. "It's hard to say when but this is certainty," Gates said, as quoted from the Business Insider page.
"Luckily we got through that one pretty well," Gates said. Gates then shows his best friend and fellow billionaire Warren Buffett. "Warren has talked about this, and he understands this region much better than me," he said.
The 2008 crisis caused a major recession, which left 8.8 million people out of work. The net worth of households across the US fell by more than US $ 19 trillion. The number of homeless families increases. Gates ends the answer by saying with confidence that innovation can help through the crisis.
"Despite the predictions there are obstacles, I am quite optimistic about how innovation and capitalism will improve the situation for humans everywhere," he said.
Bill Gates says he believes the world will get better with almost every objective measure. "It does not happen automatically because people care, it's because of scientific discovery," he said.
He and his wife tried to reduce the world's poverty through the Bill and Melinda Gates Foundation.
Previously, Microsoft founder who is also one of the world's richest billionaire Bill Gates asked the public to be vigilant and avoid investing in digital money (cryptocurrency).
According to Bill Gates, investing in digital money can lead to death in different ways. Gates delivered this when speaking in a talkshow session held by Reddit. According to him, the anonymity of digital money can be used criminally for various transactions such as tax evasion, money laundering to illegal exchange transactions.
"The main feature of digital money is its anonymity, and I think that's not a good thing," Gates said as quoted by the Independent on Thursday, March 1, 2018.Gates cited, irresponsible parties never make transactions with digital money to buy painkillers in high dosage. The drug was used irresponsibly and threatened the lives of others.
"Currently, digital money is widely used to buy drugs with high doses, if not stopped this can lead to death and loss of others," said Gates.
Bill Gates is not the only billionaire who asks the public to be alert about the dangers behind the digital currency. Previous billionaire Warren Buffett also expressed the same opinion about this.
Although many billionaires and tech entrepreneurs are seeing digital money as something negative, the people who dabbled in at the beginning of Bitcoin appear to reveal different things.
For Bitcoin investors, the existence of digital money is a way that people can choose to escape from the shackles of rules in the financial world. The existence of digital money is also considered to give birth to a new movement of success as well as what has been done a collection of hackers on Anonymous and Wikileaks site.