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Bill Gates warned Bitcoin is ‘fool theory’ investment: ‘Don’t expect it to go up’

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BILL GATES once compared Bitcoin to a 'greater fool theory' investment, adding that 'you shouldn't expect it to go up' as the cryptocurrency market looks to rebound after taking a pounding.

Using this technology, participants can confirm transactions without a need for a central clearing authority.But as a currency, Mr Gates is not so sure about Bitcoin.

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