Bill Ackman, the founder and CEO of Pershing Square Capital Management, sparked widespread discussion on Saturday after posting speculative thoughts about Bitcoin (BTC) on social media platform X. Known for his cautious stance on crypto, Ackman humorously outlined a hypothetical scenario in which Bitcoin’s price rises dramatically, triggering a feedback loop of mining, energy use, inflation, and further demand.
 

“Bitcoin price rise leads to increased mining and greater energy use, driving up the cost of energy, causing inflation to rise and the dollar to decline, driving demand for Bitcoin and increased mining, driving demand for energy and the cycle continues,” Ackman wrote.

“Bitcoin goes to infinity, energy prices skyrocket, and the economy collapses. Maybe I should buy some Bitcoin,” he added.

Later, he tempered the speculation by noting, “The problem of course is that it also works in reverse.”

Ackman’s post drew immediate responses from the crypto community, including MicroStrategy founder and Executive Chairman Michael Saylor, who offered to clarify misconceptions:
 

“You should buy some bitcoin, but not for the reasons cited above,” said Saylor. “Most bitcoin miners are driving the cost of electricity down for other consumers, not up. Let me know if you would like to discuss 1 on 1.”

While Ackman has mostly avoided direct involvement with Bitcoin and crypto, he revealed in 2022 that he held minor investments in some crypto-related ventures, describing his interest as more educational than strategic.

— AccGn News Team