scorecardresearchBill Gates Blasts Crypto, NFTs as Based on ‘Greater-Fool’ Theory

Bill Gates Blasts Crypto, NFTs as Based on ‘Greater-Fool’ Theory

Updated: 15 Jun 2022, 07:44 AM IST
TL;DR.
Billionaire Bill Gates dismissed cryptocurrency projects such as nonfungible tokens as shams “based on the greater-fool theory” at a climate conference Tuesday, reviving past criticisms of digital assets.
Bill Gates, Co-Chair, Bill & Melinda Gates Foundation, attends a news conference during the World Economic Forum in Davos, Switzerland, Wednesday, May 25, 2022. The annual meeting of the World Economic Forum is taking place in Davos from May 22 until May 26, 2022. (AP Photo/Markus Schreiber)

Bill Gates, Co-Chair, Bill & Melinda Gates Foundation, attends a news conference during the World Economic Forum in Davos, Switzerland, Wednesday, May 25, 2022. The annual meeting of the World Economic Forum is taking place in Davos from May 22 until May 26, 2022. (AP Photo/Markus Schreiber)