Bill Gates Once Called Cryptos, NFTs A Sham: Here’s How Much A $1000 Investment In Bitcoin Then Would Be Worth Today
Posted On December 9, 2024
Microsoft Corp. co-founder Bill Gates has maintained a grim view on cryptocurrencies, including Bitcoin (CRYPTO: BTC), and some of his remarks over the years have been unsparing, to say the least.
What happened: The former Microsoft boss delivered a scathing criticism of cryptocurrencies and non-fungible tokens, or NFTs, back in June 2022.
At a climate conference, Gates said that such digital asset trends are like shams based on the “greater fool theory”.
He added that he’s neither long nor short on digital assets, adding that he prefers investments that have valuable output.
When Gates made this remark on Jun. 14, 2022, one Bitcoin was priced at $22,206.79. …
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