Bill Ackman, the founder and CEO of American hedge fund PercentSquay, has expressed concerns about the potential impact of the rising price of Bitcoin on the economy. They believe that Bitcoin mining and energy consumption fueled by the rising price of the cryptocurrency could lead to higher energy costs, inflation and a depreciation of the US dollar. This, in turn, could drive demand for Bitcoin and mining even further, leading to a continuing cycle of increased energy demand and rising prices.
Ackman suggests that if this cycle continues, the price of Bitcoin could reach unprecedented highs, causing energy prices to rise and potentially leading to an economic collapse. Despite these concerns, he also stated that some
Consider buying Bitcoin.
That's why I am thinking that very soon the Bulls 🐂 will be tried for going ⏫ upward & the bear also live in Glacieric mountains.
📈🕹
Second trade with No Greed 🤭❤🎉
