Bill Gates has said that NFTs and cryptocurrencies are “100% based on greater-fool theory,” which is the idea that even overpriced assets can make money if you can sell them to a bigger fool.
Gates said at a TechCrunch event on climate change that he liked to invest in farms, factories, or “a company where they make products.”
Gates made fun of Bored Ape Yacht Club by saying, “Clearly, expensive digital pictures of monkeys are going to make the world a lot better.”
What do you think of what Bill said? Tell us in the comments.