# Billionaire Bill Ackman says he "kicks himself for not understanding Crypto like he understands Pizza"

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Last modified: 2021-05-13

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By Paul Ebeling · 2021-05-13
Tags: Shayne Heffernan on Investments, Paul Ebeling, Bitcoin, Pizza, Crypto, crypto, ether, Bitcoin, Ethereum, DPZ
Signed: no (published before platform launch).
Nothing in this article is investment advice.

#crypto #pizza #bitcoin #ether

[$BTCUSD](https://finance.yahoo.com/quote/BTC-USD?p=BTC-USD)[ $ETHUSD](https://finance.yahoo.com/quote/ETH-USD?p=ETH-USD)[ $DPZ ](https://finance.yahoo.com/quote/DPZ?p=DPZ&.tsrc=fin-srch)[$PSHZF](https://finance.yahoo.com/quote/PSHZF?p=PSHZF&.tsrc=fin-srch)

Speaking at a virtual event hosted by The Wall Street Journal, called the Future of Everything Festival, the hedge-fund manager, who runs Pershing Square Capital Management, said that crypto is not a place where he would *“feel comfortable putting a meaningful amount” *of money.

He said one of his big indictments for crypto is the asset has *“no intrinsic value,*” while at the same time saying that he “*admired the creation of investments”* that include bitcoin BTCUSD and Ethereum ETHUSD whose Ether coin is trading in record territory.

*“I kick myself for not understanding*,” crypto Mr. Ackman said.

Asked if he was a gold investor, another asset that can be said to have no intrinsic value, the hedge-fund manager said, “*No, I’m not a gold guy*.”

Pershing Square ([OTC:PSHZF](OTC:PSHZF)) holds almost 6% of Domino’s Pizza (NYSE:DPZ). Mr. Ackman says Pizza is a durable business.

Bitcoin, the most prominent crypto in the world, has seen its price rise 95% YTD, 

Have a healthy day, Keep the Faith!

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