According to the billionaire’s reckoning, the 'vast majority of crypto coins are used for fraudulent purposes rather than for building legitimate businesses.' billackman pumpanddump
Billionaire Bill Ackman: Crypto Enables Creation of Useful Businesses and 'Is Here to Stay'
Despite highlighting what he sees as the flaws of crypto, Ackman, who is the founder and CEO of Pershing Square Capital Management, uses two projects — Helium and DIMO — to explain why he has changed his viewpoint. He said: According to Ackman, customers who want to want to use the network are compelled to buy HNT “and burn it.” The demand for HNT tokens is ultimately tied to the demand for the network, Ackman added.
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