His criticism is more like sarcasm
Microsoft founder Bill Gates sarcastically criticized the existence of cryptocurrencies and NFTs. In his opinion, the holders of such assets are fools.
In one of his notes, Gates joked that expensive digital images of monkeys would, of course, greatly improve the world. He emphasized that cryptocurrencies and NFTs only exist because there is an “even bigger fool” who wants to buy these assets “from another fool” in the hope of reselling it all at a premium and getting rich.
Gates does not even allow the thought of supporting NFTs and “crypto”, he will never invest in them. It only stands for the real product.
“I’m not involved in all these things that are associated with anonymity, breaking laws, lack of regulation, kidnapping,” the Microsoft founder sarcastically clarified.