Bill gates has come out recently at a Q&A session on Reddit stating that the cryptocurrency Bitcoin has been and will be "causing deaths" in the future.
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"Right now cryptocurrencies are used for buying Fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way. I think the speculative wave around ICOs and cryptocurrencies is super risky for those who go long,” he said
The Co Founder of Microsoft states that the anonymity of Bitcoins transactions allows criminals and drug users to operate freely and therefore without the authority's intervention it has ultimately led to more deaths.
Bitcoins price has seen a massive increase in the last year reaching an all time high of $20 000 before recently pulling back to $10 000 .Part of its increase is due to the anonymity of bitcoins transactions where individuals or investors do not need a third party to conduct business .Cash can be easily sent from one person to the other without the intervention of authorities "which is a bad thing"he said .
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Do you think what Bill Gates has recently stated will have a significant impact on the market? Just as JP Morgans "BITCOIN FRAUD'statement had an effect on the market last year bringing the markets down .Is this one of those stunts to create FUD . One can already purchase drugs with or without cryptocurrency which can still lead to death depending on what drug one consumes .
Whatever will happen ill be sure to keep holding on to my crypto assets for the long run
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