PSCM CEO: BTC price may soar much higher than anyone thinks
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.”
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.
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