Billionaire Bill Ackman is thinking about buying bitcoin

Home / Billionaire Bill Ackman is thinking about buying bitcoin

Pershing Square Capital Management founder and CEO Bill Ackman has suggested that the bitcoin price could continue its bullish movement.
“A rising bitcoin price leads to increased mining and increased energy consumption, which leads to increased energy costs, causes inflation to rise and the dollar to fall, driving demand for bitcoin and increased mining, driving demand for energy. This cycle continues. Bitcoin seeks infinity, energy prices skyrocket, and the economy collapses. Perhaps I should buy bitcoin,” he wrote.

However, he noted that such a system could also work in reverse.

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