Bill Ackman, founder and CEO of Pershing Square Capital Management, made some comments on Sunday (10th) regarding an article about Bitcoin miners consuming a large amount of energy during periods of price surges, envisioning a scenario that would prompt him to consider buying Bitcoin.
Ackman expressed on X platform:
Ackman went on to state that this situation could lead to “Bitcoin approaching infinity, energy prices skyrocketing, and economic collapse,” and mused, “Maybe I should buy some Bitcoin.” However, he later added that this could also work out in the opposite way.
As expected, this commentary from the hedge fund tycoon prompted swift responses from many in the Bitcoin community, including MicroStrategy founder Michael Saylor, who proactively offered to have a direct conversation with Ackman on the topic.
Ackman had previously stated in a 2021 interview that, although cryptocurrency is a great technology, due to his lack of understanding and belief that such assets have “no intrinsic value,” he would not invest in cryptocurrency. However, in 2022, Ackman revealed that he was a small investor in some cryptocurrency projects and cryptocurrency venture capital funds, stating at the time: “I am more of an amateur enthusiast trying to learn about investing, rather than investing as a cautious investor.”
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