Jerome Powell, the Chair of the Federal Reserve, has expressed skepticism about the viability of a Central Bank Digital Currency (CBDC) in the United States, highlighting the ongoing debate around digital currencies and their impact on the traditional financial system. Meanwhile, the influence of Bitcoin on financial markets and regulatory discussions continues to grow, as evidenced by comments from prominent figures such as Bill Ackman. Ackman, a well-known hedge fund manager and founder of Pershing Square Capital Management, has publicly considered the potential of Bitcoin, suggesting its price could soar to unprecedented levels, potentially 'going to infinity'. This speculation comes amid concerns about Bitcoin's environmental impact, particularly its role in increasing energy consumption, driving up the cost of energy, causing inflation to rise, the dollar to decline, and contributing to economic instability.
Pershing Square Capital Management founder and CEO Bill Ackman mulls Bitcoin. https://t.co/kbo8HQesmo https://t.co/TIa9fHWLxj
Bill Ackman, one of the most famous hedge fund managers, said that BTC prices may soar much higher than anyone imagines. Rising Bitcoin prices lead to increased mining energy use, pushing up energy costs, leading to higher inflation and a depreciating dollar, driving demand forβ¦
Bitcoin price rise leads to increased mining and energy use, driving up the cost of energy, causing inflation to rise and the dollar to decline, driving demand for Bitcoin, and the cycle continues! Bitcoin goes to infinity, energy prices skyrocket, and the economy collapses! https://t.co/4eXEIJixwo https://t.co/459R7K08xB
.@BillAckman mulls #bitcoin and @saylor would like to have a chat. @SteveAlpher reports https://t.co/MuAMr8LE5y
Ackman wanting to buy BTCβ¦well add that to the perfect storm https://t.co/9wBxwUIb6C
JUST IN: Ackman considers #Bitcoin π https://t.co/KSUyNpPvzd
Absolute fire from @BillAckman today: "Bitcoin goes to infinity. Maybe I should buy some Bitcoin."
Bitcoin is now influencing Jerome Powell says @jpmorgan π https://t.co/3CaBby9AYa
NEW: Jerome Powell expresses doubts about the viability of a CBDC in the πΊπΈ US π https://t.co/LA9CkmZGYw