According to Foresight News, Bill Ackman, the founder and CEO of American hedge fund Pershing Square, has expressed concerns about the potential impact of Bitcoin's rising price on the economy. He believes that the increase in Bitcoin mining and energy consumption, driven by the cryptocurrency's rising value, could lead to higher energy costs, inflation, and a depreciation of the US dollar. This, in turn, could further drive demand for Bitcoin and mining, resulting in a continuous cycle of increased energy demand and rising prices.
Ackman suggests that if this cycle continues, Bitcoin's price could reach unprecedented heights, causing energy prices to soar and potentially leading to an economic collapse. Despite these concerns, he also mentioned that he might consider buying some Bitcoin.