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Speaking at an event on climate change 🌎 hosted by TechCrunch, tech billionaire and Microsoft $MSFT co-founder Bill Gates has dismissed non-fungible tokens as “100 percent based on greater fool theory” - the financial concept that even overpriced assets can make money as long as you find a bigger idiot to sell them to. Gates also said he preferred investing in assets with tangible outputs, like farms or factories, “or a company where they make products,” and that he held no position in cryptocurrencies or NFTs. “I’m not involved in that. I’m not long or short in any of those things,” said Gates, suggesting that he was also suspicious of assets designed to “avoid taxation or any sort of government rules.” #NFTs prices have fallen sharply from last year due to the bear 🐻 market. He also shared his thoughts about Bored Apes at the event -> https://twitter.com/TechCrunch/status/1536827913852465152?s=20&t=-MgE3OFSa3CEdF1FB7Cc3w What your thoughts about NFT’s, do you think they are even worth it❓ #Alts #crypto #blockchain
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