US billionaire Stanley Druckenmiller has changed his mind about Bitcoin (BTC), saying it has the ability to store value for future generations.
In his interview on CNBC on Monday, Druckenmiller said that although he was still investing more heavily in gold than in digital currencies, he had bought on At least some Bitcoin without specifying the amount.
“Bitcoin can be an asset class with a lot of appeal as a store of value for both millennials and new West Coast money - and you know, they have a lot,” Druckenmiller said. From them ... for 13 years and with every passing day, it has achieved more and more stability as a brand.
To be fair, the official Bitcoin version was released on Halloween, 2018, and the Genesis block was mined at the beginning of 2009. But Drucknmiller is new to all of this, so there is no need to attack it for its wrong numbers.
Druckenmiller continued to say that he invests more in gold than Bitcoin: I have twice as much gold than I own in Bitcoin. But honestly, if the gold bet succeeds, then the Bitcoin bet will probably do better because it is lighter, more liquid, and has a lot more experience.
the net worth of the chairman and former president of Doken Capital, DruckenMiller, is roughly $ 4.4 billion. His recent comments represent a change in the billionaire's stance on digital currencies.
Although the American billionaire invested in the stablecoin project Bezis in 2018, the investor claimed last year that Bitcoin could not be a medium of exchange, given To turn it over.
where he said at the time: I do not think I am a primitive human, which is what I was described as when I said that I did not want to own Bitcoin.
Druckmiller previously offered gold as a safe haven asset to protect investors from exposure to securities, at a time when countries like China seem eager to challenge the dominance of the US dollar.
