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  • Bill Gates says he's not bullish on bitcoin as it uses 'a lot of energy' - and warns people who aren't as rich as Elon Musk against buying into the boom

    1 month ago - By Business Insider

    Bill Gates.
    Getty Images for All In WA
    Microsoft cofounder Bill Gates told Bloomberg he isn't bullish on bitcoin, and warned against jumping into the trade. People who don't have as much money to spare as Tesla CEO Elon Musk should watch out, he said. The climate activist thinks that anonymity behind bitcoin transactions is not a good thing. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Bill Gates, the world's third-richest person, is not a fan of bitcoin , partly for environmental reasons. According to the billionaire, not only does bitcoin use a lot of energy...
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  • Elon Musk's wealth tumbles by $15 billion after Tesla shares dropped 9% in one day

    1 month ago - By Business Insider

    Yasin Ozturk/Anadolu Agency via Getty Images
    Elon Musk's wealth fell by $15 billion after Tesla's stock dived 9% on Monday. The slide was partly fueled by Musk's tweets that bitcoin and Ethereum's price "do seem high." Tesla also announced it would halt new orders for the lowest-priced version of its Model Y SUV. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Billionaire Elon Musk has yet again slipped to second place on Bloomberg's index of the world's richest people after his net worth dropped by $15 billion on Monday. His wealth fell to $183 billion, allowing...
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