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The Greater Fool Theory is the idea that, during a market bubble, one can make money by buying overvalued assets and selling them for a profit later, because it will always be possible to find someone who is willing to pay a higher price.
https://www.hartfordfunds.com/insights/investor-insight/the-greater-fool-theory-what-is-it.html
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Microsoft Corp. MSFT 1.07%▲ co-founder Bill Gates said he thinks cryptocurrencies and NFTs are “100%” based on the greater fool theory. The 66-year-old billionaire was referring to the notion that overvalued assets will keep going up because there are enough people willing to pay high prices for them.15 Jun 2022
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https://finance.yahoo.com/news/m-millions-dollars-thousands-crypto-223605273.html
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weehingthong 