Pershing Square Capital Management’s founder and CEO, Bill Ackman, recently expressed interest in Bitcoin, suggesting a scenario where Bitcoin’s price surge leads to increased mining and higher energy consumption. He playfully outlined a cycle: rising Bitcoin demand drives up energy costs, causing inflation and a weakened dollar, which, in turn, boosts Bitcoin demand further. Bitcoin … Continue reading Billionaire Investor Bill Ackman Playfully Ponders Bitcoin’s Infinite Rise and Potential Impact on Energy and Economy