If you read beyond the headline (shocking, I know)
“As an asset class, you’re not producing anything and so you shouldn’t expect it to go up. It’s kind of a pure ‘greater fool theory’ type of investment,” Gates said on CNBC’s “Squawk Box.”
“I agree I would short it if there was an easy way to do it,” he said.
Anyone who thinks the entire "value" of crypto isn't a giant pyramid scheme (or pump and dump) is deluding themselves
Just thinking about bitcoin utility. Could it be wise for a country to hold it reserves in Bitcoin. Just in case other country tries to freeze its holding.
“As an asset class, you’re not producing anything and so you shouldn’t expect it to go up. It’s kind of a pure ‘greater fool theory’ type of investment,” Gates said on CNBC’s “Squawk Box.”
“I agree I would short it if there was an easy way to do it,” he said.
Anyone who thinks the entire "value" of crypto isn't a giant pyramid scheme (or pump and dump) is deluding themselves