Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
bill gates
Bill Gates Reiterates His Distaste for Crypto and NFTs
Microsoft co-founder Bill Gates has once again expressed his loathe for digital assets, this time factoring in non-fungible tokens (NFTs). Speaking at the Techcrunch Sessions: Climate event in Berkley, California, Gates said he is not a fan of crypto and NFTs. Specifically, the American Business Magnate said cryptocurrencies and NFTs are 100% based on the greater fool theory. The greater fool theory refers to the idea of someone making money by buying overvalued assets and selling them for a profit…
3 years ago
Microsoft Chairman Bill Gates Is Non-Committal Towards Bitcoin
Microsoft Chairman Bill Gates has hinted that he has little interest in Bitcoin despite its recent rise in value. This comes after Microsoft revealed that it has no plans to add bitcoin to its portfolio. Bill Gates Neutral on Bitcoin (BTC) During an interview today on American news outlet CNBC, Bill Gates made his opinion when asked about his view on how the enormous energy generated by bitcoin miners affects the environment. Gates replied that he does not own bitcoins…
4 years ago