CNN By Jordan Valinsky, CNN Business Don’t count Bill Gates among the fans of cryptocurrencies and NFTs. Those digital asset trends are “100% based on greater fool theory,” the Microsoft co-founder said Tuesday at a TechCrunch conference, referencing the notion that investors can make money on worth…
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Microsoft founder Bill Gates recently discussed cryptocurrency and NFTs, stating that the asset trends are "100% based on greater fool theory." Gates added, "I do think people get bought into these manias, who may not have as much money to spare. So I'm not bullish on bitcoin."
CNN By Jordan Valinsky, CNN Business Don’t count Bill Gates among the fans of cryptocurrencies and NFTs. Those digital asset trends are “100% based on greater fool theory,” the Microsoft co-founder said Tuesday at a TechCrunch conference, referencing the notion that investors can make money on worth…
Billionaire Bill Gates dismissed cryptocurrencies and NFTs speculative instruments that rely on the “great-fool theory” for their previous price jumps. He said that its demand is simply based on the belief that another person will come along to pay more than the previous purchaser.
