Tanya Abrosimova
Independent Analyst
- Bill Gates hails the anonymity as the dangerous feature of cryptocurrencies.
- XRP/USD is trading in a tight range with scarcely noticeable bullish momentum.
Bill Gates, principal founder of the Microsoft Corporation and the chair of Bill & Melinda Gates Foundation is yet another famous person with critical views towards cryptocurrencies.
When asked about his opinion regarding cryptocurrencies in his Reddit thread “Ask Me Anything” he said that the much-touted anonymity of cryptocurrency is actually a bad thing as it makes easier to carry out illegal and possibly dangerous activities.
Here is the full quote:
"The main feature of cryptocurrencies 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 cryptocurrencies are used for buying fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way. I think the speculative wave around ICOs and cryptocurrencies is super risky for those who go long."
It is worth noting, that back in 2014 he was more enthusiastic about crypto, saying that Bitcoin is better than currency as it allows cheap transactions.
Also in October 2017 Bill & Melinda Gates Foundation partnered with Ripple to promote digital payments in the emerging countries and for those who do not have access to banking services. Though, as we have already mentioned, support for Ripple technologies does not automatically translate into XRP popularity.
Ripple price technical picture
XRP/USD stay away from current bullish trend on the cryptocurrency markets. The coin is trading in a tight range, just above $0.9260 support produced by 100-SMA on the hourly chart. The next upside target comes at $0.9560 (Tuesday’s high), further recovery will bring XRP/USD to $1.00 level.
XRP/USD, hourly chart
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