Microsoft Founder Bill Gates has a lot of opinions, many direct and unflinching — as you might expect from a tech billionaire.
His latest, shared in a Reddit “ask me anything” exchange: Cryptocurrencies are deadly.
“The government’s ability to find money laundering and tax evasion and terrorist funding is a good thing,” he wrote.
“Right now, cryptocurrencies are used for buying fentanyl and other drugs, so it is a rare technology that has caused deaths in a fairly direct way.”
To combat Gates’ bold claims, one Reddit user pointed out that plain cash could be used for the same things.
Gates responded by saying, “Yes — anonymous cash is used for these kinds of things, but you have to be physically present to transfer it, which makes things like kidnapping payments more difficult.”
Experts in cryptocurrencies have come out against Gates in an intense fashion.
For example, venture capitalist Anthony Pompliano tweeted out, “He spewed the normal nonsense about funding terrorism & money laundering,” Pompliano tweeted.
“I’m starting to think the criteria for being old and rich is hating crypto.”