Bill Ackman Still Believes In The Future Of Crypto After The FTX Crisis

Crypto has the potential to significantly benefit society, according to Bill Ackman, the founder, and CEO of Pershing Square Capital Management, as long as “bad actors” are eliminated from the market.

Even after one of the biggest cryptocurrency exchanges in the world collapsed, Ackman is still optimistic about crypto. He said on Twitter:

After the crypto exchange FTX sought bankruptcy relief, he praised the effort.

Bill Ackman claims that less than 2% of his assets are invested in various crypto projects, venture capital funds, and businesses that lessen cryptocurrency fraud.

Ackman also cited the blockchain-based network Helium as a success story for cryptocurrencies.

The billionaire also mentioned the fact that Helium was allegedly admitting to having a partnership with Lime and then had to remove Lime’s logo from the list of partners.

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