Bill Gates says crypto and NFTs are '100% based on greater fool theory'

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Bill Gates says crypto and NFTs are '100% based on greater fool theory'
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The tech billionaire said he's 'not involved' in crypto: 'I'm not long or short any of those things.'

for other parts of the crypto market. For its part, Celsius says it's "working around the clock for our community."

The battered crypto world was already licking its wounds following the collapse of UST — a so-called "stablecoin" that was meant to be worth $1 — and luna, its sister token. At their height, both cryptocurrencies were worth a combined $60 billion. was last trading at $21,107 Wednesday, down 7% in the last 24 hours. The world's biggest cryptocurrency has erased over half of its value since the start of 2022.

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