Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. <\/p>\n
Microsoft Corp. co-founder Bill Gates said in an interview on Friday that he would never use cryptocurrencies to diversify away from the dollar. <\/p>\n
‘Mania-Driven Asset’ <\/p>\n
During an interview with APT News, Gates was asked if he were “forced” to move a small part of his portfolio out of the dollar, what would he choose: the euro, the Chinese yuan, gold, or cryptocurrency. <\/p>\n
Don’t Miss: <\/p>\n
The tech tzar was quick to reply, “I wouldn’t choose crypto,” adding that he’s a well-known skeptic of “pure mania-driven assets.” <\/p>\n
If Not Crypto, Then What? <\/p>\n
Turning to other assets, Gates said he had missed the gold rally and predicted that the euro would not rise significantly. <\/p>\n
“I think a basket of equities in general is your best long-term. Ideally, a globally balanced basket of equities,” stated Gates, who was the world’s richest individual for many years. <\/p>\n
Trending: Avoid the #1 Investing Mistake: How Your ‘Safe’ Holdings Could Be Costing You Big Time<\/a> <\/p>\n Gates Remains Unconvinced <\/p>\n Gates’ skepticism about cryptocurrencies goes a long way. <\/p>\n During an interview in 2018, he described Bitcoin as a kind of pure “greater fool theory” type of investment <\/p>\n Gates said he would bet against the cryptocurrency if given the opportunity. <\/p>\n Later in May 2022, he revealed that he doesn’t hold any cryptocurrencies and that he prefers things with “valuable output.” <\/p>\n When Gates made this remark, Bitcoin was priced at $30,314.33 apiece. Today, its price has swelled to $78,060, representing an upside of 157%. <\/p>\n Photo courtesy: Alexandros Michailidis \/ Shutterstock.com <\/p>\n Read Next:\u00a0 <\/p>\n Building Wealth Across More Than Just the Market <\/p>\n Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That’s why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn’t tied to the fortunes of just one company or industry. <\/p>\n Arrived <\/p>\n Backed by Jeff Bezos, Arrived Homes makes real estate investing accessible with a low barrier to entry. Investors can buy fractional shares of single-family rentals and vacation homes starting with as little as $100<\/a>. This allows everyday investors to diversify into real estate, collect rental income, and build long-term wealth without needing to manage properties directly. <\/p>\n Qnetic <\/p>\n As electricity demand rises alongside AI, data centers, and renewable energy, long-duration energy storage is becoming increasingly important. Qnetic is developing a kinetic energy storage system designed to provide long-lasting, chemical-free electricity storage<\/a>, <\/a>offering investors exposure to the infrastructure supporting a more resilient and reliable power grid. <\/p>\n EquityMultiple\u00a0 <\/p>\n For accredited investors looking beyond stocks and bonds, EquityMultiple provides access to vetted commercial real estate deals starting at $5,000<\/a>,<\/a> with only ~5% of opportunities passing their due diligence process.\u00a0 <\/p>\n FarmTogether <\/p>\n Farmland has historically held its value through market volatility and delivered returns uncorrelated to stocks and bonds. For accredited investors, FarmTogether offers direct access to high-quality U.S. farmland starting at $15,000<\/a> \u2014 fully managed, with no landlord headaches. <\/p>\n Fundrise <\/p>\n