Billionaire Bill Ackman: Crypto Enables Creation of Useful Businesses and ‘Is Here to Stay’

Billionaire Bill Ackman: Crypto Enables Creation of Useful Businesses and ‘Is Here to Stay’


According to Bill Ackman, billionaire and CEO of Pershing Square Capital Management, while crypto tokens are used by unethical promoters to perpetuate fraud, they “can enable the formation of useful businesses.” A previous critic of digital assets, Ackman insists that “crypto is here to stay” and that society will benefit even more when it is properly regulated.

Crypto a ‘Powerful Lever in Accessing a Global Workforce to Advance a Project’

The American billionaire hedge fund manager, Bill Ackman, has said — after studying some crypto projects — he now believes that “crypto can enable the formation of useful businesses and technologies that heretofore could not be created.” According to the billionaire, the ability to issue and use crypto tokens “to incentivize participants in a venture

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