In finance, the greater fool theory suggests that one can sometimes make money through the purchase of overvalued assets — items with a purchase price drastically exceeding the intrinsic value — if those assets can later be resold at an even higher price. In this context, one "fool" might pay for an overpriced asset, hoping that he can sell it to an even "greater fool" and make a profit. This only works as long as there are enough new "greater fools" …

Dogecoin Co-Creator Says 99.9% Of Crypto Market Is Driven By …

WebJun 15, 2024 · Bill Gates slams cryptos, NFTs as '100% based on greater fool theory'. Provided by Dow Jones. Jun 15, 2024 5:19 AM PDT. By Barbara Kollmeyer. "You have an asset class that's 100% based on some ... WebApr 6, 2024 · ‘Greater fool theory’ According to a CNN report at the time, Gates was quoted as saying that cryptos and non-fungible tokens ( NFTs ) were “100% based on greater fool … dave harmon plumbing goshen ct

The Greater Fool theory in the Crypto World - LinkedIn

WebJun 16, 2024 · Gates is not confident about these entities especially when they cannot sustain in volatile climate and capable of tanking based on a mere tweet. Bill Gates has said that he holds no position in cryptocurrencies or non-fungible tokens (NFTs), as they are “100 per cent based on greater fool theory". The theory is a financial concept that even ... WebJun 10, 2024 · A Prime Example of Greater Fool Theory. When it comes to stocks, you can easily figure out the underlying worth of a business. And when valuing bonds or … WebThe Motley Fool. Jun 2024 - Present4 years 11 months. Gold Coast, Queensland, Australia. I've been working with the Motley Fool Australia since June 2024 and have been involved in many areas of the business including operations, web development, and most recently involved with Crypto projects at the Fool. I've been Interested in Crypto and ... dave harman facebook