Bill Gates Says NFTs and Crypto Are ‘100%’ Based on Greater Fool Theory

The Microsoft co-founder joked that ‘expensive digital images of monkeys’ would improve the world

Microsoft Corp. co-founder Bill Gates said he thinks cryptocurrencies and NFTs are “100%” based on the greater fool theory. 

The 66-year-old billionaire was referring to the notion that overvalued assets will keep going up because there are enough people willing to pay high prices for them. He joked that “expensive digital images of monkeys” would “improve the world immensely.”