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Bill Gates: “Bitcoin Is Better Than Currency”

By Inside Bitcoins Oct 2, 2014 5:26 PM EDT

Bill Gates bitcoin

NEW YORK (InsideBitcoins) — Bill Gates, interviewed on Bloomberg during the closing day of SIBOS 2014, the annual SWIFT banking conference, said “Bitcoin is exciting because it shows how cheap it can be.” Gates’ focus is on helping the poorest, unbanked citizens of the world manage their financial affairs, saying in his closing keynote address that ultimately, “transactions will be digital, universal and almost free.”

In an interview with Erik Schatzker of Bloomberg’s “Street Smart,” Gates said Bitcoin was better in such matters: “Bitcoin is better than currency in that you don’t have to be physically in the same place and of course for large transactions currency can get pretty inconvenient.”

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