Bill Gates has taken a stance against cryptocurrencies, NFTs, and the Bored Apes phenomenon.

During his appearance at TechCrunch, Gates discussed cryptocurrency in the context of climate change, expressing that both cryptocurrencies and NFTs are fundamentally linked to the 'greater fool theory,' indicating their value increase depends solely on finding more buyers willing to pay higher prices.

Gates’ critical view on cryptocurrency isn't new; he has been skeptical for quite some time. Back in 2018, he openly stated his intention to bet against Bitcoin, firmly believing that its value would eventually decline. said \"I’m accustomed to asset categories that yield tangible returns, like a farm or a manufacturing company,\" Gates reflected. Regarding digital currencies, he clarified, \"I’m not involved at all—neither holding nor shorting any of these assets.\"

The comments made by Gates at TechCrunch come at a tough juncture for the crypto market, which has recently faced significant downturns, including the downfall of Luna and the stablecoin Terra UST. stated  his position unequivocally.

In the latest series of events, Celsius Network has halted all withdrawals, leading to a dramatic nearly 60% decrease in the CEL token's value. Amidst this bearish trend, confidence in the broader crypto industry appears shaky. Meanwhile, the NFT market has also felt the pinch, with the value of Bored Ape Yacht Club assets plummeting to their lowest since August. The entry price has fallen by roughly 80% over a two-month span, impacting investors who initially bought these high-value NFTs. Gates has also poked fun at the NFT craze, mocking the notion that \"high-priced digital monkey images\" would somehow make a significant difference in the world.

Earlier this year, Microsoft made headlines by acquiring game developer Activision Blizzard for an astounding $68.7 billion, aiming to create a comprehensive virtual reality ecosystem and broaden its gaming initiatives. dropping StepVR has rolled out the first virtual reality gates, allowing users to access the Metaverse.

Gates also talked about the BAYC NFT collection In the recent cryptocurrency landscape, some digital coins are seeing gains while Bitcoin's price continues to drop.

However, Gates is optimistic Current data suggests that cryptocurrency valuations are holding steady despite market fluctuations. However, it's crucial to denote that the information herein is not to be construed as legal, tax, investment, or financial advice. Always invest within your means and consult a financial advisor if unsure. For detailed guidance, we recommend reviewing the terms and conditions and the help resources from the issuer or advertiser. MetaversePost aims for precise and impartial news coverage, but market circumstances can shift rapidly. bought Agne is a passionate journalist who reports on cutting-edge trends in the metaverse, AI, and Web3 for Metaverse Post. Her drive for storytelling has led her to explore diverse interviews with industry authorities, always on the lookout for captivating narratives. Holding a Bachelor’s degree in literature, she has amassed significant experience writing about various subjects, from travel to the fine arts. She has also volunteered as an editor for an animal rights organization, promoting awareness for animal welfare. You can connect with her at

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