Bitget App
Trade smarter
PSCM CEO: BTC price may soar much higher than anyone thinks
2024/03/10 00:24
According to TechFlow news, Bill Ackman, founder and CEO of Pershing Square Capital Management, said that BTC prices may soar much higher than anyone imagines.
It added: “Rising Bitcoin prices lead to increased mining and increased energy use, which drives up energy costs, which leads to higher inflation and a weaker dollar, which drives increased demand for Bitcoin and increased mining, which drives demand for energy, and the cycle continues.”
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$90,472.56
-1.08%
Ethereum
ETH
$3,029.04
+0.27%
Tether USDt
USDT
$1
+0.03%
XRP
XRP
$2.16
-2.10%
BNB
BNB
$879.99
-1.47%
USDC
USDC
$0.9998
-0.01%
Solana
SOL
$136.29
-3.84%
TRON
TRX
$0.2807
+0.31%
Dogecoin
DOGE
$0.1486
-2.97%
Cardano
ADA
$0.4164
-3.70%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now