Bitcoin lunch price BTC amp crypto drops Watch Elon Musk

Bill Gates lashes out at crypto, NFTs and stabs Elon Musk

As crypto prices collapse hard, the voices of critics are getting stronger. One of those critics is computer tycoon Bill Gates. In a recent interview, he lashes out at the crypto market and trends such as NFTs. At the same time, he uses the crypto discussion to take a swipe at Elon Musk. What’s happening?

Before we dive deeper into Bill Gates’ criticism, we look at the live Bitcoin price and the prices of the top 25 crypto at the close of the market.

Live Bitcoin price and prices top 25 crypto continue to decline

As we saw during our lunch update this afternoon, today is crash time again and the European market has not been able to change that. At the time of writing, the live Bitcoin price is quoting EUR 20,336.01 ($21,343.64). This is 5.58% lower than yesterday around this time.

The prices of the top 25 crypto continue to fall rapidly as well. Apart from the stable coins, we only see red numbers. The biggest loss is currently for Ethereum (ETH), which is down 9.25%. On the site of you can view all live crypto prices 24 hours a day.

What does Bill Gates say about crypto?

Yesterday, Bill Gates was a guest at a climate conference. There he gave an interview about crypto and NFT.

He made mincemeat of the crypto market in 3 short statements.

First, he indicated that he owns no crypto and no NFTs;
He also cynically sneered that the world could benefit greatly from an expensive digital photograph of a monkey (sneering at the Bored Ape Yacht Club NFTs);
Finally, he indicated that as far as he is concerned, the whole market is based on the “greater fool theory. This theory holds that people buy an asset for investment and speculate that ‘what the fool will give’ will lead him to a ‘fool’ (greater fool) who wants to pay more than he did, while there is no basis for that higher value.

You can see some of this in the excerpt below.

Twitter won’t load because you didn’t give permission.

Bill Gates tells us what he really thinks of Bored Apes at #TCClimate:

– TechCrunch (@TechCrunch) June 14, 2022

Whether it was a direct response is not known, but it was notable that shortly after this crypto bomb, Elon Musk Tweeted a one-word message:

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– Elon Musk (@elonmusk) June 15, 2022

Next phase in climate feud Elon Musk and Bill Gates?

One wonders if this is a new phase in the long-running feud between the two tech giants. For example, during previous negative comments on crypto, Bill Gates has already issued a sneer to Elon Musk. He then said, “My general thought would be that if you have less money than Elon, you should probably watch out.”

This started a hefty debate centered on the gentlemen’s commitment to the climate. The feud goes back years when Bill Gates indicated in an interview that he would rather buy a Taycan than a Tesla.

Since then, the gentlemen have been verbally at each other’s throats in every area. The conversation ran high in April. Gates then asked Elon to cooperate in philanthropy, but Musk confronted him that he had half a billion short options on Tesla. He blamed this on Gates for speculating on price losses of the car company that does the most to fight climate change. However, this conversation was leaked and Gates was less happy about it.

Since then, there have been frequent snarky comments back and forth in the media. Whether this tweet from Musk about crypto provokes another round of verbiage we will probably find out soon enough.

Staying up to date on the latest stock price developments?

You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real time. Are you interested in other investments besides crypto? Then our weekly Monday morning price forecast might be a reading tip. “Please note: We never give financial advice, so our contributions can’t be interpreted that way either. Always do your own research and decide on rational grounds if, when, what and how much you want to invest in.”

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