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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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