Tech Billionaires Lost $373 Billion in Market Rout

The fall in the markets since January affects almost all investors.  Apart from the defensive sectors and energy, the rest of the economy is impacted by the uncertainties surrounding growth. The aggressive increase in interest rates by the Federal Reserve to crush inflation, which is at its highest in 40 years, has raised fears of … Read more

Crypto ‘The Biggest Ponzi Scheme In Human History’—China Blockchain Execs Back Bill Gates And Warren Buffett After Huge Bitcoin Price Crash

Bitcoin BTC and cryptocurrency have seen more than $2 trillion wiped from the combined crypto market capitalization in just six months due to a devastating crypto crash that some fear could just be getting started. Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and successfully navigate the volatile bitcoin and crypto market The bitcoin price … Read more

Crypto billionaire and Terraform Labs co-founder Do Kwon loses everything in crash

Earlier this year, Do Kwon was a billionaire. But now, after a “devastating” crypto crash, he’s lost almost everything. Earlier this year, Do Kwon was a billionaire – but after a brutal recent crypto crash, his vast fortune has almost completely vanished. The 30-year-old South Korean co-founder of Terraform Labs watched as his crypto empire … Read more

Bill Gates Slams Cryptocurrencies and NFTs as Scams

  Microsoft co-founder Bill Gates has asserted that he believes cryptocurrencies and non-fungible tokens (NFTs) are “100 percent” based on the greater fool theory—referencing the notion that investors can make money on worthless or overvalued assets as long as people are willing to bid higher. Both are “100 percent based on the greater fool theory … Read more

Bill Gates Slams NFTs And Crypto Amidst Market Plunge

Bill Gates has long been a crypto critic. His skepticism of NFTs would be expected. Photographer: … [+] Hollie Adams/Bloomberg © 2021 Bloomberg Finance LP Billionaire Bill Gates dismissed cryptocurrencies and NFTs as speculative instruments that rely on the “greater-fool theory” for their previous price jumps during a TechCrunch climate conference on Tuesday. Amid a … Read more

Nobel Laureate Paul Krugman Ties Crypto Boom To US Housing Bubble, Bitcoin Rises

Nobel Laureate Paul Krugman has become the latest among the world’s thinkers, intellectuals, economists, and business magnates to deride cryptocurrency.  The American economist has linked the cryptocurrency mania to the mid-2000s housing boom. “People’s faith in digital coins resembles people’s faith in the US housing market before it tanked. Only a handful of investors recognised … Read more

Billionaires Remain Wary Of Bitcoin—But They’re Buying Crypto At A Higher Rate Than The Average Investor, Forbes Survey Finds

‘My tech stocks have performed worse than my crypto has,’ says Mark Cuban, one of the billionaires who has become a crypto convert. Getty Images Cryptocurrency hasn’t always found the most welcoming audience among the world’s superrich. Billionaires have been some of the biggest critics, with heavy-hitters like Berkshire Hathaway Chairman and CEO Warren Buffett, … Read more