Bill Ackman is an investor known for his skepticism of cryptocurrencies in general and his dislike of bitcoins in particular. Lately, however, this investor seems to be sending a completely different message. Indeed, Bill Ackman has just approved the Helium cryptographic project. On his Twitter news feed, he shared his thoughts on the future of the cryptocurrency market.
Cryptocurrencies are here to stay
Despite the latest cryptographic events, Bill Ackman remains optimistic about the future of the cryptosphere. However, this is what this investor has been hinting at a string of tweets published on November 20th
Concretely, compare cryptocurrencies to a telephone and the Internet. Both have contributed a lot to today’s society. Bill Ackman even thinks that cryptocurrency can help grow the global economy. According to him, cryptocurrencies can foster the formation of useful businesses and technologies that could not be created until now.
Proper monitoring and regulation are essential
Bill Ackman believes in the future of cryptocurrencies. However, he remains lucid in his words. He claims that cryptocurrency facilitates fraud. He cites the case of unethical promoters who can create tokens to facilitate pump-and-dump schemes.
Bill Ackman raises another fundamental issue: the misuse and fraudulent use of cryptocurrencies to create illegitimate businesses. According to him, these fraud problems can be avoided by putting them in place regulatory frameworks rigorous and appropriate.
Through such measures, cryptocurrencies would help create legitimate businesses. They could also be useful for the development of the world economy.
“Crypto is here and will stay”, it is with this sentence that the American investor announces his confidence in the future of crypto. Bill Ackman, however, calls on legitimate players in the crypto ecosystem to join forces. The goal: eliminate fraudulent actors!
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My name is Ariela and I’m 31 years old. I have been working in the field of web writing for the past 7 years. I only discovered trading and cryptocurrencies 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. A singer in my free time, I also cultivate a great passion for music and reading (and animals!