Bitcoin suffers worst week in a year as Bill Gates warns investors not to dabble with it unless they are super-rich
Bitcoin suffered its worst week in a year as Bill Gates warned investors not to dabble with it unless they are super-rich.
The cryptocurrency was trading at $57,000 last weekend following a huge rally this year. But yesterday it dropped as low as $44,647.
Warning: Microsoft founder Bill Gates said he believed people were becoming swept up in ‘mania’
Microsoft founder Gates said he believed people were becoming swept up in ‘mania’ following high-profile backing from the likes of Tesla boss Elon Musk, who is worth £126billion.
Gates told Bloomberg: ‘My thought would be that if you have less money than Elon, you should probably watch out.’