“I wouldn’t be surprised to wake up and hear that the tariffs have been postponed,” said Ackman, implying that Trump could use the delay to make more “deals.”

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

On April 2, Trump signed an executive order imposing a 10% baseline tariff on all imports. Following this move, during the April 4 trading session, the U.S. stock market lost more value than the entire crypto market is currently worth. Interestingly, Bitcoin and the broader crypto space showed greater resilience than traditional equities.

Support from BitMEX and Gemini Founders!

BitMEX co-founder Arthur Hayes and Gemini co-founder Cameron Winklevoss publicly supported Trump’s trade policy. While opinions in the crypto space remain mixed, Ackman sees the tariffs as a “necessary” move to protect American workers and industry.

Ackman also issued a warning:

“The immediate implementation of these tariffs may catch businesses off guard and could push the U.S. economy into a severe recession.”

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Bill Ackman, the founder and CEO of Pershing Square Capital Management, turned his attention to Bitcoin (BTC) on Saturday afternoon, playfully proposing a scenario where the price of the world’s largest crypto could surge far beyond expectations.

In a post on X, Ackman outlined a hypothetical sequence where the rise in Bitcoin price leads to increased mining and greater energy consumption. This, in turn, drives up the cost of energy, causing inflation to rise and the dollar to decline. As a result, demand for Bitcoin increases, leading to more mining and further energy demand, thus perpetuating the cycle.

Ackman humorously suggested, “Bitcoin goes to infinity, energy prices skyrocket, and the economy collapses. Maybe I should buy some Bitcoin.”

However, he also acknowledged the flip side of the scenario, noting that the process could work in reverse as well.

Ackman’s post quickly drew responses from various members of the Bitcoin community, including Michael Saylor, the founder and Executive Chairman of MicroStrategy (MSTR). Saylor offered to discuss the topic directly with Ackman, emphasizing that bitcoin miners often drive down the cost of electricity for other consumers.

While Bill Ackman has generally avoided bitcoin and crypto involvement, he mentioned in 2022 that he was a small investor in some crypto projects and venture funds. He described his investment approach as more of a hobbyist trying to learn rather than a cautious investor.

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