So the fact is obvious that anybody who has less money than Musk should not invest in Bitcoin. Musk has been very vocal about his passion for Bitcoin. His company Tesla recently invested $1.5 billion in cryptocurrency.

Gates during an interview with Bloomberg TV had said that Bitcoin is not for everyone and only the richest person in the world should consider investing in it.

“Elon has tons of money and he’s very sophisticated, so I don’t worry that his Bitcoin will sort of randomly go up or down.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 probably watch out,” Gates said in the interview.

Bitcoin’s value doubled after Tesla purchased $1.5bn of the currency and accepted it as a mode of payment. Musk soon after his company made an investment called Bitcoin a less dumb form of liquidity than cash.

Tesla’s 10-K report confirmed with the United States Securities and Exchange Commission (SEC) that Tesla has invested $1.5 billion in the Bitcoin cryptocurrency.

“We invested an aggregate $1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term. Moreover, we expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt,” the company said in the report. However, Musk had warned users to not spend all their life savings on cryptocurrency in a separate video.

While Gates only wants rich people like Musk to invest in Bitcoin, the latter advised people to not invest their life savings in cryptocurrency. “People should not invest their life savings in cryptocurrency, to be clear — that’s unwise,” Musk said. “There’s a good chance that crypto is the future currency of Earth, and it’s like which one’s it going to be? Maybe it’ll be multiple. It should be considered speculation at this point. So don’t go too far with the crypto speculation front,” Musk

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As the coronavirus pandemic continues to wreak havoc in the United States, Microsoft co-founder Bill Gates has predicted a possible time in which the virus will be contained. According to Gates, the world could return to semi-normal by summer 2021, but the complete end of the pandemic will happen only in 2022.

Bill Gates made these remarks while talking exclusively to Fox News. During the talk, Gates revealed that the United States has failed to contain the pandemic effectively. He also added that countries like Australia and South Korea are doing outstanding efforts to curb the spread of coronavirus.

“The end of the epidemic? Best case is probably 2022. But during 2021, the numbers – we should be able to drive them down if we take the global approach. So, you know, thank goodness vaccine technology was there, that the funding came up, that the companies put their best people on it. That’s why I’m optimistic this won’t last indefinitely,” said Gates during the talk.

According to the latest statistics, there are more than 7.3 million coronavirus positive cases in the United States, and the death toll has already crossed 2,00,000.

Medical experts believe that the delay in the rolling out of an effective vaccine could make the condition even worse, and it could compel several world countries to introduce stringent lockdown measures.

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