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PARAGRAPHThis op-ed was originally published by The New York Times.

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This is the Greater Fool Theory: Pay a foolish price because you hope to sell to an even bigger top.operationbitcoin.org intrinsic value of bitcoin (and. Microsoft co-founder Bill Gates said he thinks cryptocurrencies and NFTs are "% based on greater fool theory. Eventually, as the market runs out of fools left, prices will sell-off. Due diligence is recommended as a strategy to avoid becoming a greater fool yourself.

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calendar_month 18.04.2021

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The only reason for investors to buy bitcoin is the expectation that they will be able to sell their bitcoin to greater fools. Stevens Gary Varner Heather Zeiger. Gates joked that "expensive digital images of monkeys" would "improve the world immensely," referring to the much-hyped Bored Ape Yacht Club NFT collection. We may create algorithm-based currencies which pass both the confidence and money stock tests successfully. Certainly not as new suppliers will set up shop to fill the unmet demand and thus super normal profits will remain just a dream.

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