Renowned billionaire hedge fund manager Stanley Druckenmiller says that in an inflationary bull market, he wants to own bitcoin more than gold “for sure.” However, he explained that in a bear market, he would prefer to have gold.
Stanley Druckenmiller on Crypto, Bitcoin, and Blockchain
Stan Druckenmiller shared his view on bitcoin and cryptocurrency investing in an interview with the Sohn Conference Foundation, published Saturday.
Druckenmiller is chairman and CEO of Duquesne Family Office LLC. He was previously a managing director at Soros Fund Management where he had overall responsibility for funds with a peak asset value of $22 billion. According to Forbes’ list of billionaires, his personal net worth is currently $6.8 billion.
“If you believe we are going to have an irresponsible monetary policy and inflation going forward,” he explained, adding that “If it’s in a bull phase, you want to own bitcoin.” In contrast, he noted: “If it’s in a bear phase for other assets, you want to...
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