Microsoft co-founder Bill Gates said he would not choose cryptocurrencies if he had to diversify assets beyond the U.S. dollar, reiterating his skepticism toward what he described as assets driven purely by fervor. In an interview cited by BlockBeats on Aug. 31, Gates said he is a well-known skeptic of such investments and added that he had missed gold as well. He laid out a different preference for long-term capital allocation, saying that, in general, a basket of stocks is the best long-term investment. He added that the ideal version of that strategy would be a globally balanced basket of equities. The remarks place crypto alongside other non-yielding stores of value that Gates has chosen not to prioritize, while making clear that his preferred diversification framework remains rooted in traditional equity exposure rather than digital assets.
Microsoft co-founder Bill Gates said he would not choose cryptocurrencies if he needed to diversify assets beyond the U.S. dollar, according to BlockBeats on Aug. 31.
Asked in an interview what he would pick if he had to spread holdings into other currencies or assets, Gates replied: "I would not choose cryptocurrency. I am a well-known skeptic of assets that are purely driven by mania."
He also said he had missed gold. As for long-term investing, Gates said that, in general, a basket of stocks is the best choice, ideally a globally balanced basket of equities.
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