Those digital asset trends are"100% based on greater fool theory," the Microsoft co-founder said Tuesday at a TechCrunch conference, referencing the notion that investors can make money on worthless or overvalued assets as long as people are willing to bid them higher.Gates added that he's"not long or short" crypto. And he mocked Bored Apes NFTs, joking that"expensive digital images of monkeys" will"improve the world immensely.
Bitcoin hit an all-time high of $69,000 in November 2021. Since then, the world's most valuable cryptocurrency has lost two-thirds of its value, tumbling below $23,000 on Tuesday. It has lost about 25% of its value since Friday.Crypto exchange Coinbase announced that it's laying off 18% of its employees as the digital currency market continues to crumble. Gates has previously doubted crypto.
Let’s see what Bill Gates say when crypto currencies take over fiat as the standard currency exchange medium. IT IS almost there but obviously there are powers to be like the banks trying desperately to keep scamming investors with diddly ROIs.Time to take control of our money.
Funny how once become a billionaire everybody listens to you. Bill is a software developer, and an entrepreneur. Sure he is smart, but he's not a doctor and he's not an economist. So his opinion is just that, an opinion many people still think crypto is strong including me
Just like his vaccines?
I’m sure he’ll support the national digital currency they’re gonna try to shove down our throats though