Veteran Investor Druckenmiller Bullish on Bitcoin and Ethereum, Sees Potential for Blockchain to Displace Dollar
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Veteran investor Stanley Druckenmiller praised Bitcoin for establishing its own “brand” over the last decade.
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Druckenmiller doesn't own any Bitcoin currently but says he should. He previously held some but sold amid central bank tightening.
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The 70-year-old likes Bitcoin and gold as stores of value, saying young people see Bitcoin's brand as easier to use.
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Druckenmiller believes blockchain could replace the dollar as the world's reserve currency. He's also bullish on Ethereum.
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Other veteran investors like Buffett and Munger remain Bitcoin critics, calling it "rat poison" and an asset with no inherent value.