Bill Gates, the man who founded Microsoft, has very specific views on the world of NFTs, non-fungible assets and the cryptocurrency universe. NFTs, digital tokens that can be images, music or videos, with verified identity and ownership, have come under fire from one of the world’s richest men.
In a conference on the Techcrunch website, which focused on the topic of climate change, Gates did not shy away from the topic. For one of the strong names in technology, these digital assets are “100% based on the biggest fool theory”. The American resorted to this theory, according to which investors can make money with any type of overvalued asset, as long as they find someone available (a “fool) to sell it to for more money”.
Specifically about NFT, Bored Apes, one of the most well-known “fads” in this wave, joked that “expensive digital images of monkeys” “will improve the world immensely.”
In these statements, Bill Gates stated that he prefers more “classic” ways of investing, showing that he is more used to other assets, “such as farms where there is production or in a company that manufactures products.”
The former Microsoft boss revealed that he has neither cryptocurrencies nor NFTs. “I’m not involved in this.”
This is not the first time that Gates has shown some skepticism about this type of investment. In February 2021, in statements to Bloomberg, he expressed his concern about the risks investors face when buying bitcoin, the most well-known cryptocurrency, which has been volatile, especially during the last week.
In 2021, Bill Gates spoke about the eventual return of smallpox: “How would the world respond?”
Source: Observadora
