skip to Main Content
bitcoin
Bitcoin (BTC) $ 79,474.29 2.58%
ethereum
Ethereum (ETH) $ 1,559.73 0.49%
tether
Tether (USDT) $ 0.999798 0.03%
xrp
XRP (XRP) $ 1.90 0.40%
bnb
BNB (BNB) $ 556.80 1.08%
usd-coin
USDC (USDC) $ 1.00 0.01%
solana
Solana (SOL) $ 107.54 2.81%
dogecoin
Dogecoin (DOGE) $ 0.150136 1.84%
tron
TRON (TRX) $ 0.22916 0.39%
cardano
Cardano (ADA) $ 0.589326 3.76%

Billionaire Hedge Fund Investor Druckenmiller Says He Owns Bitcoin in CNBC Interview

Billionaire Hedge Fund Investor Druckenmiller Says He Owns Bitcoin in CNBC Interview
(Stefanie Keenan/Getty Images)

Billionaire U.S. investor Stanley Druckenmiller, who just weeks ago was said to be shorting the dollar, is long on bitcoin.

  • Druckenmiller said on CNBC Monday he owns bitcoin, becoming the latest high-profile, ultra-high net worth investor to get in on the benchmark digital currency.
  • Though he said his gold position is “many many more times” larger than his bitcoin allocation, Druckenmiller predicted his bitcoin would outperform.
  • “Frankly if the gold bet works the bitcoin bet will probably work better because it’s thinner, more illiquid and has a lot more beta to it.
  • “It has a lot of attraction as a store of value to both millennials and the new West Coast money, and as you know, they have a lot of it.”
  • Druckenmiller also said he’s anticipating a 3-4 year decline in the dollar. Just weeks ago, a Bloomberg report revealed Druckenmiller was betting against the dollar.
Loading data ...
Comparison
View chart compare
View table compare
Back To Top