Bill Gates blasts crypto, NFTs as based on ‘greater-fool’ theory

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‘BILLIONAIRE Bill Gates dismissed cryptocurrency projects such as non-fungible tokens (NFTs) as shams “based on the greater-fool theory” at a climate conference Tuesday (Jun 14), reviving past criticisms of digital assets.

“Obviously, expensive digital images of monkeys are going to improve the world immensely,” Gates said sarcastically while speaking at an event in Berkeley, California hosted by TechCrunch. He said he’s neither long nor short the asset class.

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www.businesstimes.com.sg/banking-finance/bill-gates-blasts-crypto-nfts-as-based-on-greater-fool-theory

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