The collapse of cryptocurrency Terra has been one of the most talked-about topics in the crypto world over the past few weeks. A famous hedge fund manager weighed in with his take on the situation and offered up a harsh comparison.
What Happened: Blockchain protocol Terra has a token called Terra (CRYPTO: LUNA) and a stablecoin called TerraUSD (CRYPTO: UST). The two assets are linked together with users able to stake their tokens for liquidity. The stablecoin is backed by the cryptocurrency and both ultimately fell sharply recently.
Hedge fund manager Bill Ackman, who leads Pershing Square Capital Management, took to Twitter Inc (NYSE: TWTR) on Tuesday to share his thoughts about Terra.
“When I read about …
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