The American billionaire investor and hedge fund manager – Bill Ackman – reiterated his support for crypto, maintaining that the sector is “here to stay.”
He also endorsed the blockchain-based network Helium, saying the project’s token HNT could “build intrinsic value over time.”
Helium’s Merits
In a recent series of tweets, the Founder and CEO of Pershing Square Capital – Bill Ackman – argued that Helium is one of the “interesting crypto projects” with numerous benefits.
For one, it created a global Wi-Fi network employed by other entities to track devices. Ackman also stressed that the valuation of Helium’s native asset – HNT – is determined by supply and demand. Miners purchase hotspots and deploy them worldwide to earn tokens, while users buy such coins to use the network.
“Imagine how difficult it would be to create Helium’s million-node network of global hot spots where each node is placed in a location to optimize the coverage of the network,”
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