Billionaire investor Bill Ackman has invested his take in crypto & sees an opportunity in this space. Bill Ackman is positive about crypto and says, ‘Crypto is here to Stay.’
Despite the fallout of the crypto exchange FTX and the market turmoil, Bill Ackman seems bullish about cryptocurrencies. He said, “I was initially a crypto skeptic, but after studying some of the more interesting crypto projects, I have come to believe that crypto can enable the formation of useful businesses and technologies that heretofore could not be created.”
Bill revealed his “direct” investments in Helium, ORIGYN, and Goldfinch Finance. He likes Helium, a global Wi-Fi network. His total exposure to crypto projects equals 2% of his assets, adding that he invests “more as a hobbyist” who wants to learn the specifics of the industry.
About the tokenomics of Helium token, he tweeted, “Given HNT’s ultimately finite supply, the balance between supply and demand yields a market price which increases or decreases over time along with the success of the Helium Wi-Fi network.”
The development of digitalization can be noticed rapidly, but it’s quite obvious to analyze both the positive and negative sides of booming technology.
Bill acknowledged the problem with crypto and said that “unethical promoters can create tokens simply to facilitate pump and dump schemes.”
He made a conclusion disclosing that with proper oversight and regulation, crypto has the potential to benefit society and grow the global economy.