Bill Ackman is an investor known for his skepticism of crypto in general and his aversion to bitcoin in particular. Lately, however, this investor seems to be conveying a very different message. Indeed, Bill Ackman just approved the Helium crypto project. On his Twitter news feed, he shared his thoughts on the future of the cryptocurrency market.
Crypto is here to stay
Despite the latest crypto events, Bill Ackman remains optimistic about the future of the cryptosphere. However, this is what this investor was referring to a thread of tweets published 20 Nov.
Specifically, he compares crypto to a telephone and the internet. Both have contributed a lot to today’s society. Bill Ackman even thinks cryptocurrency can help the global economy grow. According to him, crypto can stimulate the formation of useful companies and technologies that could not be created until now.
Adequate monitoring and regulation are essential
Bill Ackman believes in the future of crypto. However, he remains clear in his words. He argues that cryptocurrency encourages fraud. He cites the case of unethical promoters who may create tokens to facilitate pump-and-dump schemes.
Bill Ackman raises another fundamental problem: the misuse and fraudulent use of cryptocurrencies to create illegitimate businesses. According to him, these fraud problems can be prevented by putting in place strict and appropriate regulatory frameworks.
Through such measures, cryptocurrencies would help create legitimate businesses. They may even be beneficial for the development of the global economy.
“Crypto is here and will stay”, with this sentence the American investor announces his confidence in the future of crypto. However, Bill Ackman invites legitimate players in the crypto ecosystem to join forces. The goal: eliminate fraudulent actors!
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My name is Ariela and I am 31 years old. I have been working in the web writing field for 7 years now. I only discovered trading and cryptocurrency a few years ago. But it is a universe that interests me very much. And the topics covered within the platform allow me to learn more. Singer in my spare time, I also cultivate a great passion for music and reading (and animals!