Bill Ackman, one of TradFi’s more well-known investors, revealed on Monday that he has changed his tune and now supports cryptocurrency. Bill Ackman mentioned Helium, a decentralised Wi-Fi mesh network, in a tweet thread. Helium has been accused of forging endorsements from tech titans such as Salesforce and mobility company Lime to legitimise its network, as well as exaggerating its relationship with DISH Network, which it claimed would grant it access to its 5G spectrum. Ackman stated that after studying a number of “interesting crypto projects,” he began to “understand how a token could build intrinsic value over time” and move beyond the speculative nature of a modern-day “tulip mania.”
