During an interview on Bloomberg TV's "Street Smart" today, Bill Gates responded to new questions about bitcoin and its potential to bring innovation to the payments industry.
Calling bitcoin "exciting" because of its ability to provide a relatively low-cost transaction network, Gates told Bloomberg:
However, while seemingly positive, Gates went on to suggest that though he believes the world needs lower-cost payments solutions, bitcoin is perhaps not the best example of how the market should look to provide this solution.
Gates suggested that bitcoin may not appeal to the mass market due to its relative anonymity, as well as its associations with terrorism and money laundering.
Evolution in thought
Though brief, the statements mark an evolution in Gates' public statements on bitcoin.
This February, the noted technologist and philanthropist participated in an Ask Me Anything on the social network Reddit where he was asked for his thoughts on bitcoin by multiple users.
Gates addressed bitcoin only once, saying:
Image via Bloomberg
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