Bill Ackman, a billionaire hedge fund manager, doubts Bitcoin

“You should buy some bitcoin, but not for the reasons cited above,” stated Saylor. The majority of bitcoin miners are lowering, not raising, the price of electricity for other users. Tell me if you want to talk one-on-one.”

Ackman has generally avoided bitcoin and cryptocurrencies in general, yet he did admit in 2022 that he had made a tiny investment in a few venture funds and cryptocurrency businesses. At the time, he declared, “I invest more as a hobbyist trying to learn than as a careful investor.”