BILL GATES has issued a stark warning to anyone thinking of dipping their toes into the murky world of Bitcoin. In a recent interview, the Microsoft co-founder said that the dangers of investing in the cryptocurrency mean it’s only suitable for the super-rich. Speaking to Bloomberg , Gates revealed that he fretted traders without much cash to spare are taking a huge financial risk. Having shot up more than 400 per cent over the past year, Bitcoin has become increasingly mainstream. Recently, billionaire Tesla boss Elon Musk sparked fresh interest in the digital dinero after he described it as “slightly better” than real cash . Musk invested $1.5billion in Bitcoin through Tesla earlier this month. Gates – the world’s third richest man behind Musk and Amazon founder Jeff Bezos – warned of getting swept up in the “mania” surrounding Bitcoin. “Elon has tonnes of money and he’s very sophisticated, so I don’t worry that his Bitcoin will sort of randomly go up or down,” the 65-year-old said. “I do think people get bought into these manias who may not have as much money to spare. “My general thought would be that if you have less money than Elon, you should… Read full this story
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