Amid Bitcoin‘s (CRYPTO: BTC) rally, a post on X by hedge fund manager Bill Ackman on Saturday suggested he was thinking about purchasing the apex crypto, although the reason he gave did not sound positive for cryptocurrencies. What Happened: Ackman, the founder of Pershing Square, said, “Maybe I should buy some Bitcoin.” He apparently wanted to buy Bitcoin as an inflation hedge. The hedge fund manager went on to say that rising Bitcoin prices could lead to increased mining, which, in turn, would increase energy usage and drive up energy costs. This would push up inflation and drive down the U….
