Bill Gates Says NFTs Are Based on ‘Greater Fool Theory’

in hive-148441 •  2 years ago 

thumbs_b_c_6eca9c93ed34238d7f6004e699031c01.jpg

The tech billionaire shared his opinions at a climate conference. This conference was hosted by TechCrunch.

NFTs and crypto don’t have Bill Gates’s approval

Bill Gates Says NFTs Are Based on ‘Greater Fool Theory’
The tech billionaire said that digital assets— particularly NFTs— are

“100% based on greater fool theory

” while speaking at a climate conference hosted by TechCrunch on Tuesday. In essence: the assets will only go up in price as long as there are enough investors who are willing to pay more for them, making the assets void of any real value when investors aren’t present. Continue at Tech Elevation

hive-148441 nfts crypto bitcoin
2 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.00
    2 votes
    0
    Authors get paid when people like you upvote their post.
    If you enjoyed what you read here, create your account today and start earning FREE STEEM!