Billionaire Druckenmiller calls Bitcoin a 'brand' he should probably own

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Former hedge fund manager and billionaire Stan Druckenmiller said he owns gold but not bitcoin and maybe that's a mistake.

"I don't own any bitcoin to be frank but I should," said Druckenmiller. The former hedge fund manager who founded Duquesne Capital spoke with hedge fund manager Paul Tudor Jones during an fireside chat at an investors conference in New York City on Oct. 24.

Druckenmiller spoke about how popular bitcoin is with the younger generation and that given how long it has been around he considers the cryptocurrency to be, like gold, a "brand." Although he also said he liked bitcoin as an asset class, he prefers gold, which he owns.

Source: Digital Coin News (digitalcoinnews.net)

 

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