Crypto? Not necessarily. NFT? Absolutely yes, no doubt about it.

Unless people start buying NFTs a) understanding it's just a glorified donation or b) we figure out how to attach legal consequences to an NFT, they will remain mostly a scam.

He's not wrong. Warren Buffett says the same thing. Buffett usually explains them as being non-productive assets.

No shit, Sherlock.

It is mathematically a subset of greater fool theory. But so is gold, diamonds, Bugatti supercars, etc... however beautiful women(or men) are attracted to the latter. The former are usually unattractive, especially if you're trying to explain why they're attractive

As Gates probably would have noticed (considering he is comparing to a farm and company producing products), gold and diamonds have utility value outside the value people are giving to it. One could argue that a Bugatti have a utility value too.