Billionaire investor and American hedge fund manager – Bill Ackman – has reiterated his support for cryptocurrencies, asserting that the sector "here to survive".
He also supports the network Helium, saying that the HNT token can “builds intrinsic value over time”.
In a recent series of tweets, the Founder and CEO of Pershing Square Capital – Bill Ackman – argued that Helium is one of the “interesting crypto project” with many benefits.
understand how a token could build intrinsic value over time. Two examples may help to explicate my view: @helium create a global Wi-Fi network used by @limebike and others to track devices globally as well as for other uses which benefit by access to global Wi-Fi networks.
- Bill Ackman (@BillAckman) November 20st
He tweeted: how a token can build intrinsic value over time. Two examples that might help explain my point: helium created a global Wi-Fi network limebike and others use to track devices globally as well as for other uses in favor of access.
Ackman has shown that the HNT has “the final supply is finite” and claims that it can generate intrinsic value Future.
The 56-year-old investor admitted that he was not a fan of the crypto industry before, describing it as a "modern version of tulip craze".
However, after looking into the field, he changed his mind and even invested some of his fortune in it.
In addition to Helium, he also owns shares of the ORIGYN Foundation and has a position in Goldfinch Finance.
His total investment in crypto projects is 2% of assets, he also cautions people against viewing any of his recommendations as investment advice.
With his research, he predicted that “cryptocurrency will be here to stay.” However, he concluded that crypto will really thrive when global regulatory body that imposes comprehensive rules and eliminate criminals using this type of property for illegal activities.