Will Bitcoin's surge push up energy costs? Hedge giant Ackerman has initiated a debate. Famous hedge fund manager Bill Ackerman's attitude towards Bitcoin seems to have undergone a major shift recently. He stated that he may invest in Bitcoin, citing the possibility of a significant increase in its price. In his latest post, Ackerman depicted a scenario where the rise in Bitcoin prices could lead to increased mining activities, thereby driving up energy costs, causing inflation to rise and weakening the US dollar, and further driving demand for Bitcoin and mining, driving demand for energy back and forth.