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    QONEQT in Crypto News

    21-Nov-2022 11:58 AM


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    Billionaire investor Bill Ackman says ‘crypto is here to stay’

    Billionaire investor and hedge fund manager Bill Ackman says he remains bullish about cryptocurrencies, despite the recent collapse of the FTX cryptocurrency exchange and the market turmoil that has followed it.
    Bill Ackman is a billionaire American investor who most recently called for the removal of regulatory barriers and easing of regulations in New York in order to make the city a crypto hub.
    He is also a direct investor in a number of cryptocurrency projects.
    It may in fact be that the vast majority of crypto coins are used for fraudulent purposes rather than for building legitimate businesses.”
    That being said, Ackman said that with proper oversight from industry leaders, these “fraudulent actors” can be eliminated: “All legitimate participants in the crypto ecosystem should therefore be highly incentivized to expose and eliminate fraudulent actors as they greatly increase the risk of regulatory intervention that will set back the positive potential impact of crypto for generations.”
    Source: Cointelegraph
    #cryptoisheretostay