Bill Gates is highly skeptical of cryptocurrencies like Bitcoin, calling them a "greater fool" investment based on speculation rather than value, often warning that average investors should avoid them. He frequently cites their extreme volatility, high energy consumption, and lack of tangible, productive output as reasons for his caution.
Bill Gates has made it clear—he's not a fan of cryptocurrency. And he's not just skeptical; he flat-out thinks it has no value. "None," he told The New York Times in a January interview. That's a pretty bold stance coming from one of the most successful tech minds in history.
Gates has been critical of cryptocurrencies like Bitcoin. According to him, cryptocurrencies provide no "valuable output", contribute nothing to society, and pose a danger especially for smaller investors who could not survive the potentially high losses. Gates also does not own any cryptocurrencies himself.
The Wall Street Journal reported that WLFI tokens had a total value of $6 billion in August 2025, and that Trump himself owned two thirds of them.
Tesla purchases $1.5B in Bitcoin
In February 2021, Tesla announced it had purchased $1.5 billion worth of Bitcoin and would begin accepting it as payment for vehicles. Musk hailed the cryptocurrency's potential as “a good thing” and positioned Tesla as a forward-looking company embracing decentralized finance.
Investing $100 in Bitcoin about 10 years ago (around late 2015/early 2016) would have turned that initial amount into tens of thousands of dollars, potentially over $30,000, given Bitcoin's massive growth from roughly $300-$400 per coin to over $100,000 by late 2025/early 2026, though exact value depends on the specific purchase price and current market fluctuations, representing an astronomical return but also highlighting Bitcoin's extreme volatility.
Key Takeaways. The IRS treats cryptocurrency as property, meaning that when you buy, sell or exchange it, this counts as a taxable event and typically results in either a capital gain or loss. When you earn income from cryptocurrency activities, this is taxed as ordinary income.
Although the digital currency is widely recognized and has had extraordinary moments like recently hitting $100,000 in value for the first time, Buffett is not a fan.
Meta $META (META) co-founder and CEO Mark Zuckerberg is ambitious about experimenting with cryptocurrency. His company once ventured into cryptocurrency development with a project called Diem, initially known as Libra.
In 2021, Musk publicly confirmed that he owned BTC, ETH, and DOGE. While there are other cryptocurrencies that use Musk's name and likeness, they are not associated with him in any way.
Days before issuing the order, President Trump described his plans for the digital asset stockpile in a series of posts on Truth Social, announcing his intention to create a “U.S. Crypto Reserve” that includes Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP (the native cryptocurrency on the Ripple blockchain) and ...
Crypto payments offer advantages such as high transfer speeds, low transaction costs, and cross-border access, making space travel more accessible. Jeff Bezos's Blue Origin has taken a historic step in both space tourism and the digital finance world by integrating crypto payments.
You must report income, gain, or loss from all taxable transactions involving virtual currency on your Federal income tax return for the taxable year of the transaction, regardless of the amount or whether you receive a payee statement or information return.
Despite extreme volatility, Bitcoin's price has skyrocketed 1,060% in the past five years as I write this. This monster gain would've turned a $10,000 initial capital outlay in October 2020 to a whopping $115,700 on Oct. 6.
Investing $100 in Bitcoin alone is not likely to make you wealthy. The price of Bitcoin is highly volatile and can fluctuate significantly in short periods. While it is possible to see significant returns in a short time, it is also possible to lose a substantial amount just as quickly.
"That is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy," Musk wrote on X.
Bitcoin price prediction by 2040
Based on your prediction that Bitcoin will change at a rate of 5% every year, the price of Bitcoin would be $97,556.55 in 2027, $118,580.60 in 2031, $151,342.23 in 2036, and $193,155.30 in 2041.