Bill Ackman: Terra sounds like 'crypto version of a pyramid scheme' - Markets Insider


5/18/2022 12:00:00 AM2 years 11 months ago
by Cheryl Teh

Ackman tweeted his disapproval of Terra, suggesting that the crypto industry should "self-regulate" projects with "no underlying business models."

Billionaire investor Bill Ackman has weighed in on the implosion of the Terra "stablecoin," saying he thinks of it as a "crypto version of a pyramid scheme."  Ackman, the CEO of Pershing Square Capi… [+1817 chars]

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