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FX.co ★ Stanley Druckenmiller: bitcoin could be better investment than gold

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Forex-Humor:::2020-11-18T15:24:54

Stanley Druckenmiller: bitcoin could be better investment than gold

Billionaire investor and one-time George Soros fund manager Stanley Druckenmiller supposes that the first cryptocurrency is a better bet than gold. He is sure that bitcoin has a number of advantages over the precious metal.

Stanley Druckenmiller states that he has invested a part of his money in bitcoins. He believes that the main digital asset could be a better instrument to save funds than gold. In other words, bets on bitcoin may bring larger profit than other investments.

Druckenmiller also emphasizes positive changes in bitcoin’s dynamic since its launch that took place 13 year ago. ВТС could become the most interesting asset for investors. Notably, earlier, the billionaire dismissed bitcoin. Thus, in June last year, he did not consider BTC as a lucrative means of saving capital.

According to Bloomberg's billionaire list, Druckenmiller is among the world’s wealthiest investors, with a net worth of $5.83 billion. In 2010, he announced his retirement and closed his $12 billion Duquesne Capital. From 1988 through 2000, Druckenmiller worked with George Soros to oversee the Quantum Fund.


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