It’s Gates Versus Musk as World’s Richest Spar Over

Unless you’re the world’s richest person, you shouldn’t be buying Bitcoin. That’s the message from Bill Gates — the third richest.

With a rally of more than 400% over the past year, Bitcoin has become increasingly mainstream, and everybody including prominent investors and policy makers have been talking about it. The world’s on-again, off-again richest person, Elon Musk, recently invested $1.5 billion in the cryptocurrency through his company, Tesla Inc., and said Bitcoin would soon be accepted for payments.

Read more: A Beginner’s Guide to Buying Bitcoin for the Curious Investor

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For Gates, it’s not something Main Street should buy into — plus it’s bad for the environment as mining the coins requires a lot of energy.