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“Crypto-currencies are killing people” says Bill Gates.



Bill Gates was referring to the way digital currencies like Bitcoin are used to buy drugs like synthetic opioid fentanyl and added that Crypto-currencies are killing people in a “fairly direct way”.

In an “ask me anything” session on news website Reddit, he said that the anonymity of digital currencies meant they were linked to terrorist funding and money laundering. Asked by another user for his opinion on the technology, Mr Gates replied: “The main feature of crypto-currencies is their anonymity. I don’t think this is a good thing.

“Right now, crypto-currencies 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 crypto-currencies is super risky for those who are into it.” Veteran investor Warren Buffet has previously said that the speculative crypto-currency craze “will come to a bad end”.

Bill Gates response in the session on news website Reddit, did not go down well with all those participating in the debate, with some reproaching him for what they felt was an attempt to influence the market. Others suggested that he needed to look again at the Bitcoin white paper while some criticized him, saying he was ill-informed about the technology.


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