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.’
Bill Ackman seems to have a strong outlook on cryptocurrencies, despite the consequences from the cryptocurrency exchange FTX and the upheaval in the market. It was mentioned by him, “I was originally a crypto skeptic, but after examining some of the most intriguing crypto initiatives, I have come to feel that crypto may allow the establishment of beneficial enterprises and technology that up until this point could not be produced.”
Bill disclosed that he had “direct” stakes in the companies Helium, ORIGYN, and Goldfinch Finance. He enjoys Helium, a worldwide Wi-Fi network. His overall exposure to cryptocurrency initiatives is equivalent to 2% of his assets, and he invests “more as a hobbyist” since he is interested in gaining a better understanding of how the business works.
Concerning the tokenomics of the Helium token, he tweeted the following: “Given HNT’s ultimately limited quantity, the equilibrium between supply and demand provides a market price which rises or declines over time along with the success of the Helium Wi-Fi network.”
It’s easy to keep up with the quick pace of digitalization’s growth, but it’s also pretty evident that we need to examine both the benefits and drawbacks of this rapidly developing technology.
Bill admitted that cryptocurrencies had a problem and said that “unethical promoters might issue tokens just to support pump and dump schemes.”
He came to the opinion that crypto may be of use to society and could contribute to the expansion of the global economy if it were subjected to the appropriate levels of control and regulation.
Compiled by Coinbold