WebJun 15, 2024 · Bill Gates says crypto and NFTs are ’100% based on greater fool theory’ Microsoft co-founder Bill Gates said he thinks cryptocurrencies and NFTs are “100% based on greater fool theory.” “Expensive digital images of monkeys” will “improve the world … Latest headlines for business news around the world. Where the stock market will trade today based on Dow Jones Industrial Average, … WebJun 17, 2024 · Microsoft Co-Founder Bill Gates described cryptocurrencies as “100 percent based on some sort of Greater Fool Theory.”. The Greater Fool Theory states that the …
NFTs And Cryptos Are 100% Based On Greater Fool Theory: Bill …
WebBill Gates recently said that cryptocurrencies and NFTs are “100% based on greater fool theory.” He then went on to make a joke about digital monkeys… Liked by Rick Brar. Very happy and ... WebJun 15, 2024 · Microsoft co-founder Bill Gates described the cryptocurrency and non-fungible tokens phenomenons as being "100% based on greater fool theory.". During an appearance at a TechCrunch talk to discuss climate change on Tuesday (June 14), Gates discussed the recent popularity of crypto and NFTs and his doubt of the idea that they … highborn elf
The Greater Fool: The man who bought Jack Dorsey’s first tweet …
WebOn the other hand, the greater fool theory (GFT) states that the price of an asset is not determined by its intrinsic value but by the local and relative demand of a specific consumer. In other words, a consumer might pay an inflated price because of their needs and the local related-market value in an inflated market despite having broader market knowledge. WebAn economic bubble (also called a speculative bubble or a financial bubble) is a period when current asset prices greatly exceed their intrinsic valuation, being the valuation that the underlying long-term fundamentals justify.Bubbles can be caused by overly optimistic projections about the scale and sustainability of growth (e.g. dot-com bubble), and/or by … WebTo illustrate the greater fool theory, Warren Buffett has told the following joke, which he says was told to him by his mentor Benjamin Graham: “An oil prospector, moving to his … how far is nenagh from eurofins waterford