History repeats itself

xuanling11
Coinmonks
Published in
2 min readJan 8, 2023

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Photo by Nicolene Olckers on Unsplash

Greater fool theory is what Bill Gates described crypto is.

I asked ChatGPT and it describes as:

The greater fool theory is a concept in finance that suggests that it is possible to make money by buying securities, assets, or other investments, not because they are fundamentally valuable, but because you expect to be able to sell them to someone else for a higher price later on. The idea is that

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