The following article, Oligarch Bill Gates Attacks Bitcoin, Cryptocurrencies, was first published on Big League Politics.
Globalist oligarch Bill Gates impugned bitcoin on Wednesday, describing the decentralized currency as an innovation that the world could do without.
“The way cryptocurrency works today allows for certain criminal activities. It’d be good to get rid of that,” said Gates of Bitcoin in an interview published Thursday in the Wall Street Journal. Gates would go on to qualify his view. “I probably should have said bio weapons. That’s a really bad thing.”
The US dollar is used to facilitate criminal activities on a daily basis. Gates’ strawman argument ignores that bitcoin transactions are in many cases more transparent than those enacted by major financial institutions, which regularly facilitate criminal activities by Ponzi schemers, corrupt banks, and money launderers.
Gates claimed he had a “neutral” view of Bitcoin in a Thursday CNBC appearance, although appearing to slight the currency.
“I don’t own #Bitcoin. I’m not short Bitcoin,” says @BillGates. “I do think moving money into a more digital form and getting transaction costs down, that’s something the Gates Foundation does in developing countries.” https://t.co/Td917idvqn pic.twitter.com/AsycxLv1bL
— CNBC (@CNBC) February 18, 2021
Gates’ dismissal of cryptocurrency isn’t a stance universally held among billionaires. Tesla CEO Elon Musk is a proponent of the blockchain-based cryptocurrency, pointing to bitcoin as a more reliable currency than the US dollar, which is subject to the arbitrary whims and demands of human government officials. No government or central bank has the ability to mint or issue more bitcoins, with value of the currency entirely dependent on what traders are willing to pay for it.
It’s harder to imagine any more meaningful endorsement of bitcoin than hearing that Bill Gates doesn’t like it. The globalist oligarch has demanded that western countries ban the consumption of meat in favor of a 100% synthetic lab-produced alternative, and has become the single greatest owner of farmland in the US in a gambit to raise the price of meat beyond the budgets of everyday Americans.
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Author: Richard Moorhead
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