Economics teachers love to use the “Bill Gates analogy” to explain opportunity cost to glassy-eyed high school students. The Microsoft founder makes so much money every second that it if he saw a $100 bill lying on the street, it would be a poor use of his time to pick it up - at least if it distracted him from a more productive activity. However, humans aren’t perfectly rational beings, which...
Dow Jones Industrial Average (DJIA) futures slid lower in pre-market trading Wednesday. The stock market is in wait-and-see mode ahead of the Federal Reserve’s interest rate decision this afternoon. But Bill Gates is shrugging off any uncertainty. In an interview with Bloomberg, the billionaire Microsoft founder said he’s still bullish on the US economy and heavily invested in stocks. “I’m...
Bill Gates has tacked on an additional $16 billion to his net worth in 2019, bringing the billionaire's wealth total to $106 billion — and he's still bullish on both the stock market and US economy. However, his bullishness is also tempered by a bit of realism as we move into the next decade and beyond. Bill Gates Is (Still) Big Into Stocks & His Net Worth Is Surging Gates has managed to grow...
The US stock market collapsed yesterday, wiping out more than $700 billion in a matter of hours. Jeff Bezos was among the many billionaires that saw his net worth slashed, but how much did the Amazon boss lose? According to Bloomberg, Bezos’ net worth declined by $3.4 billion yesterday as Amazon stock crumbled more than 3 percent. Meanwhile, the bitcoin price soared 10 percent as traders sought...
In a poll from YouGov, the top three most admired men in the world are Bill Gates, Barack Obama, and Jackie Chan. The topmost admired women are Michelle Obama, Oprah Winfrey, and Angelina Jolie. Now, naturally, none of those people are starving on the street. Let's take a look at their net worth – it may surprise you. Michelle Obama on Learning to Put Her Health First: ‘I Didn’t Have Time for Me’...
This should be a happy time for Tesla. After recently confounding critics by breaking its quarterly record for vehicle deliveries in Q2 2019, its share price rocketed over seven percent, closing the day just over four percent higher. After a miserable quarter plagued with boardroom infighting, resignations, missed delivery targets, lukewarm sales, safety scandals, lawsuits and an ex-employee who...
By CCN: Ben Delo, bitcoin billionaire and co-founder of crypto trading platform BitMEX, has pledged the majority of his wealth to Giving Pledge, the philanthropic organization set up by Bill Gates, Melinda Gates, and Warren Buffet. The 35-year-old crypto entrepreneur is Britain’s youngest self-made billionaire, and the latest to join the philanthropy movement. Delo has pledged the majority of his...
By CCN: In case you missed it, Microsoft is now a $1 trillion company. The tech giant's better-than-anticipated third-quarter earnings sent the stock soaring over the top, catapulting the 44-year old company into the coveted $1 trillion-club that counts Jeff Bezos' Amazon among its members. Microsoft didn't get there overnight – a then 30-year-old Bill Gates brought the company public in 1986 (a...
What does America’s second wealthiest man think of Ocasio-Cortez’s tax reforms? Bill Gates believes that talk of a top-rate tax of 70 percent is “extreme” and completely “missing the picture.” In an interview with the Verge, Gates spoke out on his views of the taxation reforms. He conceded that taxes could be higher, or “more progressive”. However, focusing on ordinary income tax was misguided...
Facebook co-founder Chris Hughes is back advocating for higher taxes for wealthy Americans. This is not the first time Hughes is calling on the government to take a step to help low-income Americans trying to make ends meet. Hughes spoke on CNBC's "Squawk Box" saying: As a member of that 1-percent, 0.1-percent, I can tell you, I can afford a little bit higher taxes, and it would make my life...
Wealth equality has always been one of the major global macroeconomic objectives with various initiatives being recommended and employed by governments and multinational organizations to lessen the gap between the rich and the poor. However, no one seems to be asking the primary question: should the rich be taxed more? According to a recent report by charity organization Oxfam, the 26 wealthiest...
Robert Kiyosaki, the author of the famous financial self-help book Rich Dad, Poor Dad, has described the US dollar as a scam, declaring that bitcoin and other cryptocurrencies are "currencies of the people" that will outlive fiat currency. 'The Dollar is Toast' Speaking with Kim Hughes on the Sane Crypto Podcast in which he excoriated the dollar, Kiyosaki also predicted an imminent stock market...
Microsoft Taiwan has entered a partnership with Digital China and Hot Cool in the hope that the three companies can use blockchain technology to improve the financial, e-commerce, entertainment, and other industries. The three-party blockchain alliance unveiled the initiative at a conference on June 28 at the Le Méridien Hotel in Taipei City. Sun Jikang, the general manager of Microsoft Taiwan...
Bill Gates, the second richest person in the world with an estimated net worth of $90 Billion, said in an interview with CNBC that he would short bitcoin if he could because it is worthless. "I would short it if there was an easy way to do it. As an asset class, you’re not producing anything, so you shouldn’t expect it to go up," he said. "It’s kind of a pure ‘greater fool theory’ type of...
Billionaire Bill Gates is a notorious bitcoin skeptic who says he would bet against it if he could because he believes cryptocurrencies are worthless investments that people profit from by pawning their holdings off to a "greater fool" than themselves. Bitcoin a 'Greater Fool Theory' Investment Gates told CNBC May 7 during a joint interview with his billionaire pals Warren Buffett and Charlie...
Nigeria as a nation is popular for its peculiarity on how to interpret events, developments and innovations, especially when it has to do with technological disruptions. Often times, this popularity happens for the very wrong reasons, but in the long run, the dust usually settles and ideas take off with the correct solutions that they have to offer. The Dark Years of Cyber Fraud Between the final...
This week, billionaire investor and Microsoft founder Bill Gates had controversial remarks on cryptocurrencies, claiming that bitcoin has caused deaths in a direct way. Gates said: “The main feature of crypto currencies is their anonymity. I don't think this is a good thing. The Governments ability to find money laundering and tax evasion and terrorist funding is a good thing. Right now crypto...
Bill Gates and president-elect Donald J. Trump had a telephone during which the Microsoft founder discussed his climate change views. The call didn't leave the environmentalist billionaire totally depressed about the prospect of the next four years. Mr. Gates presented part of his climate change agenda for Mr. Trump in a phone call that the tech pioneer called “not unproductive.” The billionaire...
Curious how the BTC invasion of Africa is going? If you've got five minutes, the below film might be a great way to spend it.
Also read: Coming to Africa: Bitcoin Ready to Invade
Featured image from Shutterstock.
Bill Gates got an AMA (Ask Me Anything) on Reddit now and was questioned by dirtbikerr450 on Bitcoin for 3 hours ago. He has recently said that Bitcoin isn't good enough alone. The Reddit user asked: What is your opinion on bitcoins or cyptocurency as a whole? Also do you own any yourself? Bill Gates responds and gives us a more detailed answer: Bitcoin is an exciting new technology. For our...
Bill Gates has done a great deal of work throughout the developing world in the field of vaccinations, disease eradication, and funding clean water projects. He has a long history of many years of investment and research into poverty in the Third World, and how things can be improved. Now, he has published his 3rd-annual Gates Annual Letter, which is a sort of State-of-the-Third-World address on...
Since starting to accept Bitcoin earlier this month, Microsoft has not started offering Bitcoin acceptance globally, or for all of its products. Currently, users that wish to load their Microsoft accounts with Bitcoin are limited to $1,000 a day and $5,000 maximum. Microsoft seems to be waiting for further clarification on Bitcoin regulation before moving forward with their Bitcoin plans. Like...
Welcome back to another Bitcoin News in Review, where we feature some of the top stories of the week here on CryptoCoins News. This week (28 September - 5 October), we saw a huge drop in the bitcoin price, Bill Gates praising Bitcoin technology, a cyberattack against JPMorgan Chase, and more. Keep scrolling for this week's News in Review. Also read: Bitcoin News in Review: PayPal, Butterfly Labs...
Bill Gates has updated his stance on Bitcoin since calling it simply a "technological tour-de-force" months ago. Earlier today, speaking with Bloomberg TV's Erik Schatzker, Bill Gates admitted "the Bitcoin technology is key." Earlier today, Bill Gates gave the final speech at SIBOS 2014, the annual SWIFT banking conference held this year in Boston. The Gates Foundation recently pledged $50...