Druckenmiller, the hedge fund investor, joins other Billionaire in Buying Bitcoin as a wealth reserve

Druckenmiller, the hedge fund investor, joins other Billionaire in Buying Bitcoin as a wealth reserve

Share Post:

Stanley Druckenmiller,

Stanley Druckenmiller, the US-based billionaire, was quoted in an interview with CBNC saying that he owns bitcoin. The hedge fund investor is now recognized as the latest colossal net worth, and a high-profile investor to join the crypto space.

During the interview, Druckenmiller mentioned that most of his wealth is in the gold bet as compared to bitcoin. However, bitcoins have appealed to him to be a better store of value than gold. He mentioned that bitcoins are thinner and are more illiquid than gold. He added that he has much confidence in bitcoin and soon, bitcoin will surpass his gold reserve quantities.

The billionaire investor considered gold and bitcoin to be similar means of wealth storage. He particularly mentioned that bitcoins should be considered to be more effective for their ease of storage.

Druckenmiller has so far, joined other billionaires who have stored their wealth in bitcoins including; Jack Dorsey, Paul Tudor Jones, Michael Saylor as well as many other billionaires who have considered bitcoins to be a substantial store of wealth.

Reliable reports have it that, Druckenmiller had been so skeptical over the past years regarding bitcoins and other cryptos.

In the past year, he was recorded mentioning that he didn’t understand how bitcoins can be a store of value. However, this has changed after merely one year, where he said in CNBC interview that he owns bitcoin.

The billionaire investor added that that, bitcoin is significantly a store of value, majorly utilized by the millennials. He said that the new west cost money that is in the form of cryptocurrencies, is owned by the millennials in large sums.

From a Bloomberg report made weeks ago, a headline stating that the billionaire hedge fund investor, Druckenmiller was betting against the dollar, this reason might have been among the driving forces for his venture into the digital currency. Besides, bitcoins have become like an additional bucket for his wealth.

Notify of

Newest Most Voted
Inline Feedbacks
View all comments

Major thanks for the blog article.Much thanks again. Much obliged.

2 years ago

CechÄ… talentu jest niemoĹĽność pisania na zamĂłwienie… Poza tym to Zgadzam siÄ™ z TobÄ… w 100 i popieram w/w poglÄ…dy w soposb preSubiektywny 🙂 E. ZegadĹ‚owicz.


Thank you ever so for you article post. Great.

Commercial Insurance Burnaby

Great, thanks for sharing this article.Much thanks again. Keep writing.

2 years ago

wow, awesome post.Much thanks again. Really Great.


I really enjoy the post.Really looking forward to read more. Want more.

arti mimpi
2 years ago

Very neat article post.Really looking forward to read more. Want more.

Relationship counselling questions

Im obliged for the blog.Thanks Again. Great.

2 years ago

Here is an excellent Weblog You may Obtain Fascinating that we encourage you to visit.

plumber bromley
2 years ago

Enjoyed every bit of your article.Really thank you! Keep writing.

Auto detailing Shawnee ks

Say, you got a nice article.Thanks Again. Awesome.

heaters for indoor use

I really enjoy the blog post.Really looking forward to read more. Keep writing.

feeling used
2 years ago

Thanks so much for the blog.Thanks Again. Really Great.

2 years ago

Thanks for sharing, this is a fantastic blog article.Really thank you! Awesome.

metrolagu 2021
2 years ago

Thank you for your blog article.Really looking forward to read more.

Recent Articles

Follow Us

Start earning Profit

We aim to provide our ParadiseMembers with as much information as we can to ensure to maximize long-term profit, no matter if we are in a bullish or bearish market. We are a large scale cryptocurrency community providing you with access to some of the most exclusive life changing cryptocurrency signals, analysis, guidance and much more Trade crypto like a pro