Bill Gates says cryptocurrency based on 'greater fool theory'

Gates also revealed that he was more of an old-fashioned investor and preferred to put his investments in asset classes like a farm that has output or a company that makes products. Last month, we reported that while the world's richest billionaires have lost a combined $115 billion, Gates'swere comparatively lower. After quitting a day-to-day role at Microsoft, Gates has diversified his investment largely through Warren Buffett's Berkshire Hathaway holdings.

Incidentally, earlier in May, Buffett vocalized his disapproval of cryptocurrencies when he told investors at his company's annual general meeting that heThe recent high volatility of cryptocurrencies has once again raised questions over cryptocurrency as an investment avenue. While banks like JP Morgan are backing Bitcoin to yet again bounce back, another interest hike announced by the U.S.

The man prefers old fashioned shorting :)

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Bill Gates: NFTs '100% based on greater fool theory'The billionaire and Bitcoin skeptic offered fresh criticism for digital assets as cryptocurrencies continue to sell off. BillGates He will do and say anything for attention. BillGates
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Bill Gates says crypto and NFTs are a shamThe Microsoft co-founder says the digital asset trends are '100% based on greater fool theory' I’m sure he’ll support the national digital currency they’re gonna try to shove down our throats though Just like his vaccines? 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
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