The FTX meltdown has sent chills down the crypto space, with everyone walking on eggshells fearing possible contagion across the industry. The terror escalated as the embattled crypto exchange filed for Chapter 11 bankruptcy leading people to doubt the industry’s future.
However, some investors remain bullish that crypto will not crash anytime soon. Among those investors with bullish stances is Billionaire investor Bill Ackman. Despite the ongoing fiasco in the digital ecosystem, Ackman is confident that the industry has a promising future. In his words, crypto is here to stay.
Bill Ackman is the CEO and founder of Pershing Square Capital Management, a hedge fund management firm. He took to Twitter and shared his views, saying digital assets will not crash, any matter the challenges. However, Ackman emphasized the need for increased digital asset regulation and eliminating fraudulent actors in the industry.
