Microsoft Corporation co-founder Bill Gates revived his stance on cryptocurrencies or non-fungible tokens (NFTs) on Tuesday, further clarifying prior remarks on why he doesn’t own any form of digital currencies.
Speaking at a TechCrunch talk on climate change on June 14, the business magnate described the asset class as 100 percent “based on the greater fool theory,” adding that he prefers to invest in assets with tangible outputs.
