Microsoft Corp. co-founder Bill Gates jumped down the rabbit hole Tuesday, doing an AMA (ask me anything) on popular news and discussion site Reddit.
Among the topics, Gates was asked for his two cents’ worth on the world of cryptocurrencies, where he expressed his concerns for what digital assets are used for and how the anonymity encourages illicit behavior, which is not a good thing.
‘The Governments ability to find money laundering and tax evasion and terrorist funding 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 the speculative wave around ICOs and crypto currencies is super risky for those who go long.’