Renowned billionaire investor Stanley Druckenmiller praised Bitcoin (BTC) for establishing a strong brand presence over the past decade and a half.
Renowned billionaire investor Stanley Druckenmiller praised Bitcoin (BTC) for establishing a strong brand presence over the past decade and a half.
In an interview with hedge fund manager Paul Tudor Jones, Druckenmiller compared Bitcoin to gold as a store of value, acknowledging its appeal to younger generations. While he doesn't currently own any Bitcoin, the billionaire admitted that he should.
Druckenmiller said:
“17 years, to me, it’s a brand. I like gold because it’s a 5,000-year-old brand.”
Druckenmiller had previously held Bitcoin but sold it in response to tightening measures imposed by central banks. He expressed his belief that the digital asset sector could thrive if people lose faith in the central banking system. Druckenmiller has also lauded blockchain technology and predicted the potential for a ledger-based system to replace the U.S. dollar as the world's reserve currency.
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