Ackman and Saylor Debate Bitcoin's Economic Impact

• Bill Ackman, founder of Pershing Square Capital Management, suggests scenario where rising Bitcoin price leads to increased mining, higher energy costs, inflation, and a declining dollar in endless cycle • Ackman cheekily tweets "Maybe I should buy some Bitcoin", though later adds that the scenario could also happen in reverse • MicroStrategy's Michael Saylor responds, offering to discuss Bitcoin with Ackman directly, arguing miners don't drive up energy costs • Ackman has largely steered clear of Bitcoin and crypto, though said earlier in 2022 he invests small amounts as a "hobbyist" to learn • The text examines Ackman's recent tweets musing about the economic impacts of Bitcoin's growth