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PSCM CEO: BTC price may soar much higher than anyone thinks
2024/03/10 00:24
According to TechFlow news, Bill Ackman, founder and CEO of Pershing Square Capital Management, said that BTC prices may soar much higher than anyone imagines.
It added: “Rising Bitcoin prices lead to increased mining and increased energy use, which drives up energy costs, which leads to higher inflation and a weaker dollar, which drives increased demand for Bitcoin and increased mining, which drives demand for energy, and the cycle continues.”
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Bitcoin
BTC
$90,853.71
-0.66%
Ethereum
ETH
$3,031.07
+0.01%
Tether USDt
USDT
$1
+0.03%
XRP
XRP
$2.18
-1.40%
BNB
BNB
$886.16
-1.14%
Solana
SOL
$137.38
-3.05%
USDC
USDC
$0.9997
-0.00%
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TRX
$0.2813
+0.35%
Dogecoin
DOGE
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ADA
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-3.85%
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