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Crypto and NFTs, according to Bill Gates, are “100% based on greater fool theory”

Crypto and NFTs, according to Bill Gates, are “100% based on greater fool theory”

Cryptocurrencies and non-fungible tokens do not appeal to Bill Gates. The billionaire Microsoft co-founder described the phenomena as “100% based on greater fool theory,” referring to the premise that overvalued goods will rise in price when enough investors are prepared to pay more for them, at a TechCrunch talk on climate change on Tuesday. Gates…

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The United Kingdom has announced plans to mint its own NFT in order to ‘lead the way’ in the crypto space

The United Kingdom has announced plans to mint its own NFT in order to ‘lead the way’ in the crypto space

The United Kingdom government announced plans to mint its own non-fungible token on Monday as part of a quest to become a “global leader” in the cryptocurrency field. City Minister John Glen stated at a fintech event in London that Finance Minister Rishi Sunak has urged the Royal Mint — the government-owned firm responsible for minting…

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