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

Microsoft Corporation co-founder Bill Gates said he thinks cryptocurrencies and NFTs are “100%” based on the greater fool theory.

The 66-year-old billionaire was referring to the notion that overvalued assets will keep going up because there are enough people willing to pay high prices for them.

The Microsoft co-founder joked that ‘expensive digital images of monkeys’ would improve the world immensely.

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