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.
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.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Dan Burgin
Vladislav Sopov
