WebJun 15, 2024 · Bill Gates: NFTs '100% based on greater fool theory' The Microsoft co-founder prefers other asset classes over cryptos By Lucas Manfredi FOXBusiness Bitcoin investor: Cryptocurrency still a... WebJun 15, 2024 · NFTs have taken a hit along cryptocurrencies as of late. The Bored Ape Yacht Club floor price, representing the cost of the cheapest available NFT on the market, has fallen nearly 14% in seven...
Bill Gates says NFTs are ‘100 percent based on greater fool theory’
WebThe Greater Fool Theory in finance postulates that people will buy into an overvalued asset in the hope that prices will keep rising & they will find someone to buy from them at that higher price WebJul 10, 2024 · CryptoKitties is a well-known NFT that allows users to breed and exchange digital kittens. ... The Greater Fool Theory has been applied to markets other than stocks; for example, the “gold ... flying ants pictures va termites
#28: The Greater Fool Theory & NFTs by Ahmed - Medium
WebJun 15, 2024 · BILLIONAIRE Bill Gates dismissed cryptocurrency projects such as non-fungible tokens (NFTs) as shams "based on the greater-fool theory" at a climate conference Tuesday (Jun 14), reviving past criticisms of digital assets. ... Popular NFT collections, including the celebrity-favoured Bored Ape Yacht Club (BAYC), are also … WebJun 16, 2024 · Bill Gates on crypto and NFTs: '100% greater fool theory' Anna Golubova Thursday June 16, 2024 12:48 Kitco News (Kitco News) As crypto investors watched their market dramatically crash this week, Microsoft co-founder Bill Gates compared NFTs (non-fungible tokens) to "greater fool theory." Here's what he meant. WebMar 17, 2024 · The Barrett NFT has been out for just months, and it’s already surprisingly pricey. Speculative bubbles are fueled by the idea that there’s always a greater fool to … flying ants uk swarm