Bill Gates Won't Pick Crypto to Diversify Away From the Dollar, Calls It 'Pure Mania-Driven Asset' — Here's What the Billionaire Would Choose Instead

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Microsoft Corp. co-founder Bill Gates said in an interview on Friday that he would never use cryptocurrencies to diversify away from the dollar.

'Mania-Driven Asset'

During an interview with APT News, Gates was asked if he were "forced" to move a small part of his portfolio out of the dollar, what would he choose: the euro, the Chinese yuan, gold, or cryptocurrency.

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The tech tzar was quick to reply, "I wouldn't choose crypto," adding that he's a well-known skeptic of "pure mania-driven assets."

If Not Crypto, Then What?

Turning to other assets, Gates said he had missed the gold rally and predicted that the euro would not rise significantly.

"I think a basket of equities in general is your best long-term. Ideally, a globally balanced basket of equities," stated Gates, who was the world's richest individual for many years.

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Gates Remains Unconvinced

Gates' skepticism about cryptocurrencies goes a long way.

During an interview in 2018, he described Bitcoin as a kind of pure "greater fool theory" type of investment