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Billionaire investor Stanley Druckenmiller blasted the Fed, touted bitcoin over ethereum, and issued a dire warning about the dollar in a recent interview. Here are the 10 best ...

Billionaire investor Stanley Druckenmiller blasted the Fed, touted bitcoin over ethereum, and issued a dire warning about the dollar in a recent interview. Here are the 10 best ...
forextv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forextv.com Daily Mail and Mail on Sunday newspapers.

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Legendary Investor Issues 'Radical' Fed Warning As Crypto Price 'Competition' Between Bitcoin And Ethereum Accelerates

Legendary Investor Issues 'Radical' Fed Warning As Crypto Price 'Competition' Between Bitcoin And Ethereum Accelerates
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Billionaire investor Stanley Druckenmiller says it will be difficult to unseat bitcoin as the top store-of-value crypto asset, even as new challengers emerge daily

Billionaire investor Stanley Druckenmiller says it will be difficult to unseat bitcoin as the top store-of-value crypto asset, even as new challengers emerge daily
egraffeo@businessinsider.com (Emily Graffeo)
© Reuters / Brendan McDermid
Reuters / Brendan McDermid
Billionaire investor Stanley Druckenmiller told CNBC it will be hard to unseat bitcoin as the top store-of-value crypto asset.
Druckenmiller has previously said he owns some bitcoin.
The investor also said it s too early to tell which crypto asset will dominate other use cases like transactions and smart contracts.
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It s going to be very hard to unseat bitcoin, as a store of value asset, because it has a 14 year old brand, it s been around long enough, and obviously, there s a finite supply, Druckenmiller said. ....

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Bitcoin Will Likely Be Top Store-Of-Value Crypto Asset: Druckenmiller

Bitcoin Will Likely Be Top Store-Of-Value Crypto Asset: Druckenmiller
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Big Tech Bounces Back From Sell-Off. What Five Market Analysts Are Watching Now

Here s what five of them told CNBC amid Tuesday s action:
Duquesne Family Office CEO Stanley Druckenmiller said the market s mania could push his firm out of equities by the end of 2021:
I have no doubt, none whatsoever, that we are in a raging mania in all assets. I also have no doubt that I don t have a clue when that s going to end. I knew we were in a raging mania in 99 and it kept going on and if you had shorted tech stocks, say, in mid- 99, you were out of business by the end of the year. But we are still long the stock market. We re not as long, nearly as long, as we were four or five months ago. We re still playing the game. We ve shifted a lot of our relative bets into commodities, into interest rates, into the dollar. All those shifts occurred last, say, August to October when it became clear to us that the recovery was going. But I will be surprised if we re not out of the stock market by the end of the year. ....

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