NFTs, According to Bill Gates, are “100% based on bigger fool theory”

Jun 15, 2022

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NFTs, According to Bill Gates, are “100% based on bigger fool theory”

Originally posted here.
By: Peter Olaluwapo


Microsoft co-founder Bill Gates, while delivering his latest thoughts on cryptocurrencies and non-fungible tokens (NFT) at a TechCrunch conference on climate change Tuesday, says, “You have an asset class that’s 100% based on some sort of greater fool theory that somebody’s going to pay more for it than I do.”

Important to note is that this isn’t the first time the philanthropist and entrepreneur has cast doubt on digital assets. Gates reportedly claimed he doesn’t enjoy investing in cryptocurrencies since their worth is reliant on what someone else decides someone else will pay for it, rather …

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