Bill Ackman is an investor known for his skepticism towards crypto in general and his dislike for bitcoin in particular. Lately, however, this investor seems to be conveying a completely different message. Bill Ackman has indeed 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 implied on a thread of tweets published on November 20.
Concretely, he compares crypto 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, crypto can boost the formation of useful businesses 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 lucid in his words. He argues 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 in place strict and appropriate regulatory frameworks.
Through such measures, cryptocurrencies would help to create legitimate businesses. They could even be beneficial 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, invites legitimate players in the crypto ecosystem to join forces. The goal: to eliminate fraudulent actors!
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