{"id":75383,"date":"2023-10-31T00:33:14","date_gmt":"2023-10-31T00:33:14","guid":{"rendered":"http:\/\/kryptodata.se\/legendary-investor-druckenmiller-i-should-own-bitcoin-even-though-i-currently-dont\/"},"modified":"2023-10-31T00:33:14","modified_gmt":"2023-10-31T00:33:14","slug":"legendary-investor-druckenmiller-i-should-own-bitcoin-even-though-i-currently-dont","status":"publish","type":"post","link":"http:\/\/kryptodata.se\/legendary-investor-druckenmiller-i-should-own-bitcoin-even-though-i-currently-dont\/","title":{"rendered":"Legendary investor Druckenmiller: “I should own Bitcoin, even though I currently don’t”"},"content":{"rendered":"
– Stanley Druckenmiller, a veteran investor, praised Bitcoin for establishing its own “brand” over the last decade and a half.<\/p>\n
– He compared Bitcoin to gold as a store of value and acknowledged that young people see it as a valuable asset.<\/p>\n
– Druckenmiller admitted that he does not currently own any Bitcoin but believes he should.<\/p>\n
– In a previous interview, he revealed that he had sold his Bitcoin holdings due to central banks imposing tightening measures.<\/p>\n
– Druckenmiller believes that cryptocurrency could play a significant role in a financial Renaissance if people lose faith in central banks.<\/p>\n
– He has also praised blockchain technology and predicted that Ethereum could eventually surpass Bitcoin.<\/p>\n
– Despite warming sentiment towards Bitcoin on Wall Street, there are still critics such as Warren Buffett and Charlie Munger who have referred to it as “rat poison” and lacking value.<\/p>\n
– Druckenmiller’s investment philosophy focused on holding long and short positions in stocks and using leverage to trade futures.<\/p>\n
– He founded Duquesne Capital Management and achieved an average annual return of 30% without experiencing a down year.<\/p>\n
– Druckenmiller predicts that a ledger-based system could replace the US dollar as the world’s reserve currency in the future.<\/p>\n","protected":false},"excerpt":{"rendered":"
<\/p>\n
Veteran investor Stanley Druckenmiller praised Bitcoin for establishing its own \u201cbrand\u201d during an interview with hedge fund manager Paul Tudor Jones.<\/p>\n","protected":false},"author":1,"featured_media":75384,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_oct_exclude_from_cache":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[17],"tags":[47,46],"class_list":["post-75383","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-bitcoin","tag-ethereum"],"yoast_head":"\n