Wednesday, June 15, 2022

NFTs, crypto are '100% based on greater fool theory': Bill Gates

Tech billionaire Bill Gates has said that he holds no position in cryptocurrencies or non-fungible tokens (NFTs), as they are "100 per cent based on greater fool theory". The theory is a financial concept that even overpriced assets can make money as long as you find a bigger idiot to sell them to.

from Gadgets Now https://ift.tt/QXgqPVz

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