Bill Ackman on Bitcoin: Maybe I should buy some

According to CoinDesk, Pershing Square Capital Management founder and CEO Bill Ackman took a look at Bitcoin (BTC) on Saturday and jokingly proposed a scenario in which the price of Bitcoin could surge to levels far beyond what people think. Ackerman said: “The rising price of Bitcoin leads to increased mining and increased energy use, which drives up energy costs, which leads to increased inflation and a devalued dollar, which in turn drives demand for Bitcoin and increased mining, which drives demand for energy, and so on. Cycle." He also said: "Maybe I should buy some Bitcoin." As expected, Ackman's remarks triggered a heated discussion in the Bitcoin community, including MicroStrategy founder and executive chairman Michael Saylor, who took the initiative to propose a meeting with Ackman Kerman addresses this topic directly. Saylor said: "You should buy some Bitcoin, but not for the above reasons. Most Bitcoin miners are lowering the cost of electricity for other consumers, not raising it. If you are willing to discuss one-on-one, please let me know." Acker Mann has previously been largely uninvolved in the Bitcoin and cryptocurrency space, although in 2022 he stated that he was a small investor in a number of crypto projects and crypto venture capital funds. "I invest more as an amateur, for learning purposes, than as a prudent investor," he said at the time.