Bill Gates, the man who founded Microsoft, has very specific opinions about the world of NFT, non-fungible assets, and about the world of cryptocurrencies. NFTs, digital tokens that can be photos, music or videos, with verified identity and ownership, have been the target of criticism by one of the richest men in the world.
At a Techcrunch conference focused on climate change, Gates didn’t shirk from the topic. For one of the big names in tech, these digital assets are “100% based on the biggest hoax theory.” North Americans have resorted to this theory, according to which investors can make money on any type of overvalued asset – as long as they find an available (“fool”) person they can sell for more money.
Specifically about the NFT Bored Apes, one of the most popular “fads” of this wave, he joked that “expensive digital pictures of monkeys” would “significantly improve the world.”
In these statements, Bill Gates said that he preferred more “classical” ways of investing, explaining that he was more accustomed to other assets, “such as farms where there is production or a company that manufactures products.”
The former head of Microsoft revealed that he has neither cryptocurrency nor NFT. “I am not involved in that.”
This is not the first time that Gates has shown some skepticism towards this type of investment. In February 2021, in remarks to Bloomberg, he was concerned about the risks investors face when buying bitcoin, the most popular cryptocurrency, which has been volatile, especially over the past week.
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