Bill Gates is highly skeptical of cryptocurrency, viewing it as a speculative, high-risk asset without real-world utility. He has criticized its immense energy consumption, described it as a "greater fool theory," and advised against investing unless one has as much money as Elon Musk. He does not own crypto.
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.
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.
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.
Elon Musk's stance on crypto is complex but generally bullish on Bitcoin and Dogecoin, viewing them as alternatives to fiat currency, though he's criticized Bitcoin's energy use (while also praising its energy basis) and has warned against reckless investing, emphasizing volatility and personal research; he's integrating crypto plans for his "everything app," X (formerly Twitter), while also banning certain crypto-related spam apps. He sees Bitcoin as a hedge against inflation and a way to secure value, unlike "fake" government money, and supports Dogecoin due to its meme status and potential connection to his government efficiency initiatives.
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.
Ricardo Benjamín Salinas Pliego, a billionaire from Mexico and one of the three richest people in the country, has put 70% of his wealth in bitcoin.
Why it matters: The Biden administration has never made an explicit point of objection to the crypto industry, but enough evidence has piled up to suggest the government's been using its powers to stymie one specific new industry without making a clear argument to the public.
The community has long speculated about integrating cryptocurrencies on X, fueled by Musk's enduring interest in assets like Dogecoin (CRYPTO: DOGE).
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.
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.
Laszlo Hanyecz, a programmer and early Bitcoin miner, famously traded 10,000 Bitcoin for two Papa John's pizzas on May 22, 2010, marking the first documented commercial transaction for physical goods with cryptocurrency, a day now celebrated as "Bitcoin Pizza Day". At the time, the Bitcoins were worth only about $41, but the value of those coins would later grow to be worth hundreds of millions, even over a billion dollars, making it one of history's most expensive pizzas.
2011 – 2012: $1 to $13.50
In 2011, the Electronic Frontier Foundation (EFF) accepted BTC for donations for a few months, but quickly backtracked due to a lack of a legal framework for virtual currencies. In February of 2011, BTC reached $1.00 for the first time, achieving parity with the U.S. dollar.
"We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions," Musk explained in a tweet, "especially coal, which has the worst emissions of any fuel."
As for Cuban, he has been a vocal Bitcoin backer for many years and even endorsed it as a superior alternative to gold during economic crises.
“I sold all my crypto. I announced everything on TV, what I did with crypto,” the “Mad Money” host said. “I wouldn't touch crypto in a million years.”
The 7-3-2 rule is a financial strategy for wealth building, suggesting it takes 7 years to save your first major financial goal (like a crore), then accelerating to achieve the next goal in 3 years, and the third goal in just 2 years, leveraging compounding and disciplined, increased investments (like a 10% annual SIP hike). It highlights how returns compound faster over time, drastically reducing the time needed for subsequent wealth targets, emphasizing patience and consistent, growing contributions.
Centralized exchanges like Coinbase, Binance, and Kraken are the easiest way to cash out cryptocurrency. These exchanges allow you to sell your crypto for fiat — then transfer the funds to your bank account!