CEO slammed the online phenomenon and said they were "100 per cent based on greater fool theory," the idea that someone can make money by purchasing overvalued assets. The buyer simply waits for the "bigger idiot" – or "greater fool" if you like – to come along and buy them out.“I’m not involved in that.
Bill Gates slams NFT market over 'greater fool theory'
France Nouvelles Nouvelles
Bill Gates slams NFT market and over 'greater fool theory'