Hedge fund tycoon Ackman says he’s considering buying Bitcoin

ChainCatcher News: Bill Ackman, the founder and CEO of Pershing Square Capital Management, a major hedge fund, predicts that the price of Bitcoin may skyrocket to levels much higher than anyone can imagine.Ackman tweeted, "Imagine a scenario where the price of Bitcoin rises, causing an increase in mining volume and energy usage, which in turn drives up energy costs, leads to inflation, devalues the US dollar, and drives demand for Bitcoin, increases mining volume, and drives demand for energy, and so on. Bitcoin grows infinitely, energy prices soar, and the economy collapses. Maybe I should buy some Bitcoin." However, Ackman later added, "Of course, the problem is that it can also backfire."In response, Michael Saylor, the founder of MicroStrategy, commented on Ackman's tweet, "You should buy some Bitcoin, but not for the reasons mentioned above. Most Bitcoin miners are lowering the electricity costs of other consumers, not increasing them."