Bill Gates said he thinks cryptocurrencies and NFTs are “100%” based on the greater fool theory
Related Video: The rise of play-to-earn videogames – in which gamers trade NFTs – offers a glimpse into how the metaverse could attract users with monetary rewards, and what pushbacks may come with it. Photo illustration: Josephine ChuMicrosoft Corp. co-founder .
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. He joked that “expensive digital images of monkeys” would “improve the world immensely.”
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