Pershing Square Capital Management founder and CEO Bill Ekman is positive about the future of the cryptocurrency industry, and even the collapse of the FTX exchange did not change his mind.
Billionaire investor and CEO of American hedge fund management company Bill Ackman said he believes in the ability of cryptocurrencies to “deliver great benefits to the public.” At the same time, it is necessary that the industry continue to get rid of scammers and bad businessmen.
“Initially, I was a cryptocurrency skeptic, but then I studied some of the most interesting projects. I came to the conclusion that cryptocurrencies can help create useful businesses and technologies. I think cryptocurrencies are here to stay and, with proper regulation, this industry can bring huge benefits to society and develop the global economy,” Ekman said.
He added that all conscientious industry participants should be interested in identifying and eliminating fraudulent schemes, as such companies greatly increase the risk of harsh actions from regulators. Ekman said that he has invested in several crypto projects. However, the share of investments does not exceed 2% of its total portfolio.
At the beginning of the year, Bill Ekman called on the New York authorities to remove existing barriers to the development of the cryptocurrency industry.
Source: Bits
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