‼️ Bill Gates says NFTs are '100 percent based on greater fool theory'

🚨 The tech billionaire Bill Gates has described NFTs as "100 percent based on greater fool theory" based - the financial concept that even overpriced assets can make money as long as you can find a greater fool to sell them to.

👀 On one of TechCrunch Climate Change event organized by TechCrunch, Gates said he favors Investments in assets with tangible results, like farms or factories, or a company that makes products (no surprise as the largest landowner in the U.S. 😂) and that he has no position in cryptocurrencies or NFTs. "I'm not involved in that. I'm not long or short in those things,", Gates said, suggesting that he is also leery of investments that aim to, "avoid taxation or any kind of government regulation."

😄 "Obviously, expensive digital images of monkeys are going to improve the world immensely,", Gates quipped, referring to the flagship project of the #nft, the Bored Ape Yacht Club.

🤔 What do you think of the attitude of Bill Gated, which btw also his friend Warren Buffet represents?