Sometimes new generation needs the elders’ council to make right and informed decisions when it comes to business and life.
Unfortunately, Bill Gates is not the right person to ask for advice when it comes to Cryptos or Crypto Currencies.
Bill Gates doesn’t like cryptocurrency at all, according to him it’s a joke and a fun game.
The billionaire in a recent interview about the cryptocurrency, sounded off on NFTs and the crypto industry.
He said, “Those digital asset trends are “100% based on greater fool theory.”
Why the hate, Mr Gates? Bill Gates considers himself a “practical investor”. He tends to invest in businesses and services that have real-world applications; something he feels crypto lacks.
Gates is an old-school cat, who still believes in old ways of doing things and we can’t argue with him given his age.
“I’m used to asset classes, like a farm where they have output, or like a company where they make products,” he said.
Cryptocurrency is historically volatile because of its speculative nature.