WebJun 15, 2024 · Bill Gates recently weighed in on crypto and believes the market is based on the greater-fool theory. Specifically, Gates took a stab at the non-fungible token (NFT) market. He even made reference ... WebJun 15, 2024 · 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 ...
The brutal truth about Bitcoin - Brookings
WebJun 17, 2024 · The greater fool theory of economics suggests that it doesn't matter at what price you buy an asset, so long as there is some "greater fool" out there who will buy it … WebApr 8, 2024 · The greater fool theory suggests that one can sometimes make money through the purchase of overvalued assets — items with a purchase price drastically exceeding the intrinsic value — if those assets can later be resold at an even higher price. In this context, one "fool" might pay for an overpriced asset, hoping that he can sell it to an ... the bad batch live action
Bill Gates says NFTs and cryptocurrency based on ‘greater fool theory ...
WebOct 11, 2024 · The greater fool theory states “fools” who buy overvalued securities and assets will sometimes be able to find “greater fools” to sell them to at an even higher … WebThe greater fool theory assumes that even if an asset—or entire market—is detached from its fundamentals, there will always be someone (a “greater fool”) to take it off your hands. … WebJun 15, 2024 · Microsoft co-founder Bill Gates said he thinks cryptocurrencies and NFTs are “100% based on greater fool theory.” “Expensive digital images of monkeys” will … the green dragon liphook hampshire