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Druckenmiller Says Bitcoin Could Beat Gold in Store of Value

American billionaire investor and hedge fund manager Stanley Druckenmiller has recently expressed his changed opinion on the oldest cryptocurrency Bitcoin.

Author:James Pierce
Reviewer:Gordon Dickerson
Feb 18, 2021
19.8K Shares
864.7K Views
Stanley Druckenmiller, an American billionaire investor, and hedge fund manager, recently expressed his changed view on the oldest Bitcoin cryptocurrency. The billionaire investor suggests that more than commodity assets like gold could be paid out by individuals who still do not hold any of the Bitcoin pie.
The American billionaire, Stanley Druckenmiller has further stated that Bitcoin is a store of value, and he claimed that it has the potential for future generations to come. He mentioned his view of Bitcoin in an interview with CNBC.
He has recently made the plunge into the cryptocurrency industry and bought some Bitcoin pie, Druckenmiller also said. Although he did not mention the number of his holdings, for the time being, he continued to invest in the gold market. But, in the days to come, he might strengthen his Bitcoin holdings more.

Bitcoin – An Attractive Store Of Value

The renowned hedge fund manager, in an interview with CNBC, stated that he sees Bitcoin as an asset with future growth potential. He further noted that Bitcoin could become an asset class, which as a store of value can have a lot of appeals.
The former chairman and president of Duquesne Capital, Druckenmiller, has a net worth of roughly $4.4 billion. His recent comments regarding Bitcoin represent a change in his position on crypto. The billionaire investor earlier has claimed that BTC could never be a medium of exchange, as it has the highest price volatility in the market.
Gold as a haven asset has previously been mentioned by Druckenmiller, which will protect investors from fiat exposure. Because every day, some countries like China are eager to challenge the U.S. dollar's domination. The currency, however, takes up more of its stabilization as a brand.
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James Pierce

James Pierce

Author
James Pierce, a Finance and Crypto expert, brings over 15 years of experience to his writing. With a Master's degree in Finance from Harvard University, James's insightful articles and research papers have earned him recognition in the industry. His expertise spans financial markets and digital currencies, making him a trusted source for analysis and commentary. James seamlessly integrates his passion for travel into his work, providing readers with a unique perspective on global finance and the digital economy. Outside of writing, James enjoys photography, hiking, and exploring local cuisines during his travels.
Gordon Dickerson

Gordon Dickerson

Reviewer
Gordon Dickerson, a visionary in Crypto, NFT, and Web3, brings over 10 years of expertise in blockchain technology. With a Bachelor's in Computer Science from MIT and a Master's from Stanford, Gordon's strategic leadership has been instrumental in shaping global blockchain adoption. His commitment to inclusivity fosters a diverse ecosystem. In his spare time, Gordon enjoys gourmet cooking, cycling, stargazing as an amateur astronomer, and exploring non-fiction literature. His blend of expertise, credibility, and genuine passion for innovation makes him a trusted authority in decentralized technologies, driving impactful change with a personal touch.
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