'As an asset class, it's 100% based on the greater fool theory,' Bill Gates said.
he doesn’t own any cryptocurrencies. He said he invests in things with “valuable output,” arguing that digital assets do not have such qualities.Despite emerging as a trend, Bill Gates is not the only critic of non-fungible tokens. Last year, the sports commentator, comedian, and popular podcast host – Joe Rogan –he was not interested in digital collectibles. Furthermore, he described them as a cryptocurrency “hustle.
Rogan did not understand how people spend colossal sums of money on a digital artwork when they can download it for free:Earlier this year, the US rapper – Kanye West –
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