Ackman Warns Bitcoin Could Replace Dollar as Global Reserve Currency, Despite Inflation Risks

Billionaire Bill Ackman said Bitcoin's rise could lead to the decline of the US dollar, with Bitcoin or a new BRICS currency replacing it
Ackman warned that as Bitcoin's price rises, increased mining could drive up energy costs and inflation, further weakening the dollar
This could create a self-reinforcing cycle where the declining dollar boosts Bitcoin demand, increasing mining energy use
Ackman is considering buying Bitcoin himself due to his belief in this scenario playing out
MicroStrategy's Michael Saylor urged Ackman to buy Bitcoin, arguing miners actually lower energy costs for other consumers