Microsoft co-founder and billionaire bill gates on tuesday strongly criticized projects such as cryptocurrency. He termed wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital assets and wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital currency such as crypto and non-fungible tokens (NFTs) as rubbish. Bill Gates termed investing in wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital currency like crypto a big foolish step.

Bill Gates taunts crypto

Bill Gates made fun of crypto-like currency in a sarcastic tone. He took a jibe at the costly wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital images of monkeys. Bill Gates sarcastically said at an event in Berkeley, California, "It's kind of like an expensive wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital image of monkeys that we're trying to change the world with."

Bill Gates has criticized crypto in the past as well

Let us tell you that this is not the first time that bill gates has criticized the cryptocurrency. Even before this, bill gates has termed bitcoin as dangerous for retail investment. Also, coin mining has been termed as environmentally dangerous.

Decline in currency like bitcoin

On Monday, a decline of 15 percent has been registered in Bit Coin. While Mangalawar has registered a decline of 5.4 percent in bitcoin. The reason for this is believed to be the rising inflation in America. Along with this, the popular NFT collection in which the celebrity favorite Bored Ape Yacht Club (BAYC) has also registered a strong decline. In the past few years, there has been an incentive to invest in assets such as cryptocurrencies. But the central government has imposed a tax of 30 percent on investment in crypto currency. This tax will be levied on both losses and gains of crypto. This was announced by Finance minister Nirmala Sitharaman in this year's budget speech.