Billionaire, Bill Gates, mocks cryptocurrency, NFTs
Microsoft co-founder, Bill Gates, has launched another attack at the cryptocurrency community and Non Fungible Tokens (NFT) operators, mocking the digital assets as a sham driven by the greater fool theory in the investment market, without adding any value to the world.
The greater fool theory is the purchase of overvalued assets by an individual, with hope that there will be another investor willing to acquire the asset at a higher price, before the value depreciates in the hands of the last investor holding it.
Gates said cryptocurrencies and NFTs don’t add value, mocking the Bored Ape Yacht Club NFT collection by stating expensive digital images of monkeys would improve the world immensely.
Source
https://t.me/top_crypto_nft
