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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. ....

Brendan Mcdermid , Stanley Druckenmiller , Duquesne Family Office , Brendan Mcdermid Reuters , பிரெண்டன் மக்டர்மிட் , ட்யூக்வ்ஸ்ந் குடும்பம் அலுவலகம் , பிரெண்டன் மக்டர்மிட் ராய்ட்டர்ஸ் ,

Dow soars 300 points as day-trader restrictions soothe market nerves


Dow soars 300 points as day-trader restrictions soothe market nerves
mfox@businessinsider.com (Matthew Fox)
© Reuters / Brendan McDermid
Reuters / Brendan McDermid
US stocks gained on Thursday as several brokerage firms placed trading restrictions on a handful of volatile stocks popular with Reddit traders.
Weekly jobless claims fell to a three-week low, suggesting a recovery in the labor market is underway.
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US stocks moved higher on Thursday as several brokerage firms placed trading restrictions on a handful of volatile stocks popular with Reddit traders.
Robinhood, Interactive Brokers, and Webull restricted its users from buying volatile stocks that have been in a short squeeze fueled by traders on Reddit s Wall Street Bets forum. ....

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