If You Had Invested $100 In Bitcoin 8 Years Ago When Bill Gates Called It 'Better Than Currency', Here's How Much You Would Have Now
Portfolio Pulse from Mehab Qureshi
In 2014, Microsoft co-founder Bill Gates expressed optimism towards Bitcoin, stating it was 'better than currency'. If one had invested $100 in Bitcoin at that time, the current value of the Bitcoin holdings would be $8,296.72, implying a gain of 8,196.72%. However, Gates revealed in 2022 that he does not own any cryptocurrency and prefers to invest in assets that generate valuable output.
July 13, 2023 | 1:03 pm
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Bitcoin has seen a significant increase in value since 2014, with a $100 investment then now worth $8,296.72. However, Bill Gates, who once praised Bitcoin, revealed he does not own any cryptocurrency.
The news highlights the significant increase in Bitcoin's value since 2014, which could attract potential investors. However, Bill Gates' recent revelation that he does not own any cryptocurrency might cause some investors to reconsider their stance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Ethereum was mentioned in the context of cryptocurrencies that enable transactions without intermediaries or traditional banking systems, reducing transaction costs.
The mention of Ethereum in the context of cryptocurrencies that reduce transaction costs could potentially attract investors interested in such features. However, the impact on Ethereum's price is uncertain as the news does not provide any specific information about Ethereum.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50