During The Wall Street Journal's Future of Everything Festival, American billionaire investor Bill Ackman opined that crypto does not have intrinsic value.
However, he did acknowledge that there was "phenomenal tech" behind it:
I think crypto is a phenomenal technology, and I kick myself for not understanding it fully, but it does not have any intrinsic value.
SHIB's Shytoshi Kusama Mysteriously Disappears from X – What's Happening?SHIB Burn Rate Skyrockets 416% With Half Billion SHIB TorchedXRP Already Recovered 20%, Enormous Ethereum (ETH) Selling Volume Before $2,000, Sixth Shiba Inu (SHIB) Recovery Attempt: Another Crash?Bitcoin Predicted to Outperform Gold in 2025 by Tom Lee
Alex DovbnyaAckman said that Bitcoin was not a place for parking his money, but he regrets missing out on its run:
It's not a place where I would feel comfortable personally putting any meaningful amount of assets, and therefore I wouldn't invest in our firm's assets.
During the virtual event, the founder of Pershing Square Capital also unveiled a six percent stake in pizza chain Domino's, making its shares soar.
Vladislav Sopov
Dan Burgin
