By Walter Grand in Economy —

NFTs are 100% based on the greater fool theory, says Bill Gates

NFTs are 100% based on the greater fool theory, says Bill Gates
Photo by Andrey Metelev / Unsplash

The billionaire believes that the NFT market is based on the concept that even the most worthless asset can grow in value through resale to "an even bigger fool."

Gates said he prefers to invest in assets with tangible performance, such as farms and factories, and he has nothing to do with crypto.