Gemini's Tyler Winklevoss informs Bill Gates that actually he can short bitcoin

On Saturday tens of thousands of Berkshire Hathaway shareholders attended the annual Berkshire Hathaway shareholders meeting

"I agree I would short it if there was an easy way to do it", he said....

What's your thoughts on Warren Buffett, Bill Gates and Charlie Munger all bashing bitcoin and digital currencies at large? Gates further said that "as an asset class, you're not producing anything and so you shouldn't expect it to go up".

Bitcoin had a few positive weeks, but this could all be about to change again, after the Berkshire Hathaway meeting, where some did not have very kind things to say about the number one cryptocurrency at all.

At Berkshire Hathaway Inc's annual shareholder meeting, Buffett credited Apple with developing "extremely sticky" products to which consumers become attached and endorsed Apple's decision to buy back its own stock, saying it was the technology company's most productive use of cash. "People like to speculate, they like to gamble", he added.

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By design, Bitcoin price and other cryptocurrencies like it are very hard to anticipate in terms of value. What this means is that value is only derived because another person (the greater fool) is willing to pay a higher price. In response to an audience question, he also said that bitcoin and other forms of cryptocurrency "will come to bad endings". There's definitely a possibility that Bitcoin price will continue to climb to meet - and even exceed - the value that we saw at the end of 2017, but there's a near-equal possibility that it will crash and never recover.

While Bill Gates shares the disregard for cryptocurrencies, he did share that blockchain technology is valuable.

He has previously referred to bitcoin as a bubble and not an investment.

Gates, retired from his Microsoft role, now works with another cryptocurrency critic, legendary investor Warren Buffett. Bitcoin futures, as the name implies, allow investors to place bets on the future price of the flagship cryptocurrency through online brokerage firms such as Interactive Brokers or TD Ameritrade.

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