Bill Gates ‘betting on total collapse’ of Bitcoin as cryptocurrency plunges in value

The retreat came after Bitcoin hit a record high of more than $64,000 (£45,773) last Wednesday following the stock market debut of the US’s largest exchange for the tokens, Coinbase Global Inc. While prices steadied today with Bitcoin holding just below $57,000 (£40,767) it is still down about 12 percent from last week. And co-founder and former CEO of Microsoft, Mr Gates, is reported to believe things will only get worse as time goes on.