'The dumbest theory': Bill Gates' harsh criticism of cryptocurrencies and NFTs - BBC News Mundo
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Bill Gates

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Bill Gates took part in a conference in the technology media TechCrunch.

In finance, the dumbest theory starts with an investor doing something stupid in the hope that someone else will later decide to do something even dumber.

The first buyer pays an inflated sum of money for a good which he then puts up for sale at an even more exorbitant price while trying to find someone even more “con” to buy it.

In this dangerous game, what is exchanged may be tulips – as happened in the first big financial bubble in world history in the first half of the 17th century – or according to the latest statements by Bill Gates, bitcoins.

The Microsoft founder told a conference in Berkeley, California that the market for cryptocurrencies and NFTs (digital tokens) they are based “100%” on the big fool theory.

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