Billionaire investor Bill Ackman, known for his support of traditional finance and previously cool attitude towards cryptocurrencies, praised the prospects of such assets. He considers the impact of this technology commensurate with that of the phone and the Internet.
Contrary to events that have rocked the industry, including the collapse of cryptocurrency exchange FTX and the earlier “cryptozyme,” the founder and CEO of hedge fund Pershing Square said cryptocurrencies can “bring great benefits to the public. According to him, the crypto industry will never go bust.
“I believe that cryptocurrency is going nowhere, and with proper oversight and regulation, it can bring great benefit to society and contribute to the global economy,” Ackman wrote on Twitter.
He also revealed his own investments in digital assets: the billionaire admitted to being a small direct investor” in several crypto projects, including Helium (HNT), ORIGYN and Goldfinch Finance. Overall, he has invested money (about 2% of his capital in total) in seven crypto venture capital funds, as well as supporting projects that fight fraud in the sector. Best bitcoin casino continue to accept payment in bitcoin.
“I was originally a cryptoskeptic, but then I studied some of the more interesting projects. I came to the conclusion that cryptocurrencies can help create useful businesses and technologies that just couldn’t be created before,” Ackman admitted.
He doesn’t rule out the possibility that over time cryptocurrencies could be compared to the telephone and the Internet because of the impact they have had on the development of the global economy and society.
According to CoinMarketCap, Helium has fallen 96% in the past year. Oddly enough, Ackman’s support not only didn’t help the token recover, but even the opposite – brought it down another 10%, to $2.18 per unit.
Previously, the investor has repeatedly criticized the largest market capitalization cryptocurrency, bitcoin. In particular, he called it purely speculative and assured that he would not invest money in it.
And in 2021, he told The Wall Street Journal that BTC had no intrinsic value. In addition, he noted that he would be concerned if any of his friends invested some of their cryptocurrency capital.
