{"id":513305,"date":"2022-11-21T09:13:54","date_gmt":"2022-11-21T06:13:54","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/billionaire-investor-bill-ackman-says-crypto-is-here-to-stay\/"},"modified":"2022-11-21T09:13:54","modified_gmt":"2022-11-21T06:13:54","slug":"billionaire-investor-bill-ackman-says-crypto-is-here-to-stay","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/billionaire-investor-bill-ackman-says-crypto-is-here-to-stay\/","title":{"rendered":"# Billionaire investor Bill Ackman says &#8216;crypto is here to stay&#8217;"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a412b2e4b57e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a412b2e4b57e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/billionaire-investor-bill-ackman-says-crypto-is-here-to-stay\/#%E2%80%9D_Billionaire_investor_Bill_Ackman_says_%E2%80%98crypto_is_here_to_stay_%E2%80%9C\" >&#8221; Billionaire investor Bill Ackman says &#8216;crypto is here to stay&#8217; &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Billionaire_investor_Bill_Ackman_says_%E2%80%98crypto_is_here_to_stay_%E2%80%9C\"><\/span>&#8221; Billionaire investor Bill Ackman says &#8216;crypto is here to stay&#8217; &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvNDA3ZWVhYWEtZjUxNC00OGI1LTkxYTktNTY0NTFhODNlMjQxLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-887bb764>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\u2019s followed it.<\/p>\n<p>In a Nov. 20 <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BillAckman\/status\/1594456744851558402\">thread<\/a>, the CEO and founder of hedge fund management firm Pershing Square Capital Management said he believes \u201ccrypto is here to stay\u201d despite recent challenges, though there\u2019s a need to increase oversight and remove \u201cfraudulent actors\u201d in the space. <\/p>\n<p>Bill Ackman is a billionaire American investor most recently calling for the removal of regulatory barriers and easing regulations in New York in order to make the city a crypto hub. He is also direct investor in a number of crypto projects. <\/p>\n<p>\u201cI think crypto is here to stay and with proper oversight and regulation, it has the potential to greatly benefit society and grow the global economy,\u201d he said. <\/p>\n<p>However, Ackman said that like the invention of the telephone and the internet, the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> improves on the next in terms of its ability to facilitate fraud:<\/p>\n<blockquote><p>\u201cThe problem with crypto is that unethical promoters can create tokens simply to facilitate pump and dump schemes. It may in fact be that the vast majority of crypto coins are used for fraudulent purposes rather than for building legitimate businesses.\u201d<\/p><\/blockquote>\n<p>That being said, Ackman said that with proper oversight from industry leaders, these \u201cfraudulent actors\u201d can be eliminated:<\/p>\n<blockquote><p>\u201cAll 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.\u201d <\/p><\/blockquote>\n<p>The investor also said while he was initially a \u201ccrypto skeptic\u201d he now sees it as having \u201cthe potential to greatly benefit society and grow the global economy,\u201d he said, adding: <\/p>\n<blockquote><p>\u201cI was initially a crypto skeptic [but] I have come to believe that crypto can enable the formation of useful businesses and technologies that [before now] could not be created. <\/p><\/blockquote>\n<p>\u201cThe ability to issue a token to incentivize participants in a venture is a powerful lever in accessing a global workforce to advance a project,\u201d he added.<\/p>\n<p>Ackman added that \u201csensible regulation and oversight\u201d would be crucial in progressing the technology forward. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Blockchain is as revolutionary as electricity: Big Ideas with Jason Potts<\/em><\/strong><\/p>\n<p>The hedge fund manager\u2019s tweet comes in light of the recent FTX collapse.<\/p>\n<p>According to reports, Ackman initially praised former FTX CEO Sam Bankman-Fried for owning up to his mistakes, but later deleted the tweet. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/billionaire-investor-bill-ackman-says-crypto-is-here-to-stay\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Billionaire investor Bill Ackman says &#8216;crypto is here to stay&#8217; &#8220; 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\u2019s followed it. In a Nov. 20 Twitter thread, the CEO and founder of hedge fund&#8230;<\/p>\n","protected":false},"author":1,"featured_media":513306,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvNDA3ZWVhYWEtZjUxNC00OGI1LTkxYTktNTY0NTFhODNlMjQxLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74894,135234,135783,132789,74355,117,71006,73711,70934],"class_list":["post-513305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-blockchain","tag-ftx","tag-globe-business","tag-hedge-fund","tag-adoption","tag-business","tag-fraud","tag-investments","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/513305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=513305"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/513305\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/513306"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=513305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=513305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=513305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}