Microsoft co-founder Bill Gates says he thinks cryptocurrencies and non-fungible tokens (NFTs) are “100%” based on the bogus theory : Overvalued assets will continue to rise because there are enough people Willing to pay a premium for them. He joked that “expensive digital images of monkeys” could “dramatically improve the world”. Gates, who has mocked cryptocurrencies for years, said at a TechCrunch event in Berkeley, Calif., on Tuesday that people are buying cryptocurrencies and NFTs on the idea that no matter what their price, they can be sold higher because “someone is going to outsell me. pay a higher price.” He said he was not involved in “any of those things,” either long or short.
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