Billionaire Stanley Druckenmiller said that he currently does not store bitcoins, but regrets it and calls this decision a mistake.
Stanley Druckenmiller has repeatedly spoken out in favor of Bitcoin, calling it a new asset class. In 2020, he said that he owned a certain amount of the first cryptocurrency, but it seems that Druckenmiller sold his holdings and now regrets it.
Druckenmiller noted that Bitcoin is extremely popular among the younger generation and, given the age of the first cryptocurrency, it can be called a “brand”, like gold. Although he likes the new asset class, Druckenmiller still prefers precious metals.
Previously, Druckenmiller said that the traditional economy is getting closer to collapse and it is cryptocurrencies that will benefit from the systemic crisis in the global economy.
Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
