Speaking at TechCrunch Sessions: 2022, Microsoft founder Bill Gates slammed cryptocurrencies and said that he was neither 'long or short' on them. Gates also took the opportunity to mock some non-fungible tokens at the event.
Gates' comments come at a time when the cryptocurrency market shrunk to a third of its peak value just towards the end of November last year. Companies engaged in cryptocurrency trades that were splurging millions of dollars in advertisement earlier this year have announced up to 20 percent staff layoffs fearing a 'crypto-winter' ahead.
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