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
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]
full article...