Follow Us @
How much would a Bitcoin investor miss out on if they listened to Bill Gates?
-Trending Marketing news, content marketing, latest Ways to rank your website, marketing discoveries, Local SEO, seo and social media marketing services. enjoy your stay on our website.
Bill Gatesin a famous interview in May 2018, disqualified Bitcoin as an investment for fools. However, the cryptocurrency has appreciated 969.8% since thenturning a $1,000 investment into more than $10,000 by December 2024.
In contrast, an equivalent investment in Microsoft stock would have generated a profit of just $3,490. This highlights the irony that following the Microsoft co-founder’s advice could have cost investors a significant earning opportunity.
It’s May 2018. In an interview on the 7th for CNBC’s “Squawk Box”, the founder of Microsoft made a statement that reverberates to this day. Alongside financial market legends Warren Buffett and Berkshire Hathaway, Gates said Bitcoin was an investment for fools and that, if he could, he would bet on the devaluation of cryptocurrency in the short term.
At the time, the cryptocurrency was worth around US$10,000 and Bill Gates had no idea what was coming. In 2024, the Bitcoin reached the historic mark of US$100,000 and became the 7th largest asset in terms of market valuation. A 10-fold appreciation in just over 6 years makes it clear that Bill Gates may understand technologies, but not investments in cryptocurrencies.
‘Bitcoin will fall’
But what if the Microsoft founder’s prediction served as financial advice to one of the millions of “Squawk Box” viewers? A journalist decided to take this hypothesis into consideration and calculate how much this person would have lost if they had listened to the advice of the 15th richest man in the world.
Finance reporter Andreja Stojanovic calculated how much an investor who had $1,000 in BTC at the time of the interview would have lost if they had followed Gates’ advice.
The appreciation of BTC between May 2018 and December 2024 was 969.8%. Therefore, the US$1,000 invested in BTC would have turned into US$10,698.07 in 6 years. This would result in an approximate profit of $9,068. Consequently, if the investor had followed Bill Gates’ advice and bet on the fall in the price of Bitcoin, I would have lost not only the $1,000. However, it would fail to profit a little more than US$9,000.
Furthermore, if the investor had withdrawn the US$1,000 in BTC and placed it in MSFT shares, which at the time cost around US$93, today that same investment would have grown to US$4,490. In other words, it would result in a profit of US$3,490. So less than half of what your investment would be worth in BTC.
How much would a Bitcoin investor miss out on if they listened to Bill Gates?
Follow TODAYSGIST on Google News and receive alerts for the main trending SEO news, Ai news, latest Ways to rank your website, marketing discoveries, Local SEO and lots more!
How much would a Bitcoin investor miss out on if they listened to Bill Gates?
SHARE POST AND EARN REWARDS:
Did you like this post?!!! Join our Audience reward campaign and make money reading articles, shares, likes and comment >> Join reward Program
FIRST TIME REACTIONS:
How much would a Bitcoin investor miss out on if they listened to Bill Gates?
Be the first to leave us a comment, down the comment section. click allow to follow this topic and get firsthand daily updates.
JOIN US ON OUR SOCIAL MEDIA: << FACEBOOK >> | << WHATSAPP >> | << TELEGRAM >> | << TWITTER >
How much would a Bitcoin investor miss out on if they listened to Bill Gates?
