American billionaire and Microsoft creator Bill Gates explained his decision not to invest in cryptocurrencies. According to him, digital assets do not justify their value, so he still does not have them in his investment portfolio.

One of the richest men in the world shared his attitude towards cryptocurrencies during the Ask Me Anything (AMA) session. Answering questions about investments, Gates pointed out that he invests only in those assets whose value is due to something. He gave the example of companies that produce physical products. Cryptocurrencies cryptocurrencies, he said, adding that he was not against BTC.

The value of digital assets, he said, is determined by whether another person is willing to invest in them. In addition, he noted that cryptocurrencies are not beneficial to humanity. As for traditional assets, their positive social effect has long been proven, Gates added.

Earlier, the creator of Microsoft appealed with advice to aspiring investors dreaming about bitcoin. The billionaire said that they should stay away from digital gold, because they do not have as much money as Ilon Musk to then deal with financial losses.