BILL GATES SAYS NFTS ARE 100 PERCENT BASED ON THE BIGGEST FOOL THEORY

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Tech billionaire Bill Gates dismisses NFTs as "100 percent based on the biggest sucker theory"

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the financial concept that as long as you find a big sucker to sell them, more valuable assets Can earn money too.

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Speaking at a climate change event hosted by TechCrunch, Gates said that he prefers to invest in assets with tangible results, such as farms or factories,

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or a company where they invest in cryptocurrencies rather than the NFT.

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Have not held any position. , "I'm not into it. I'm not tall or short on any of those things,"

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Gates suggested, adding that he was also skeptical of "properties designed to evade taxes or any sort of government regulations."

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"Obviously, expensive digital images of monkeys are going to make the world a lot better,"

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Gates joked, referring to NFT's flagship project, Bored Ape Yacht Club.

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