Billionaire hedge fund manager Stanley Druckenmiller is the latest big name legacy investor to join the Bitcoin ranks.
The news that Druckenmiller is long Bitcoin is significant, and according to Real Vision CEO, Raoul Pal, ‘it should open the doors for more funds and endowment operators to follow suit.’
Druckenmiller was speaking on CNBC when he admitted hodling Bitcoin and gold, which the legendary investor admitted having considerably more of.
In the interview, the hedge fund manager said he owns some Bitcoin and that he is betting on it going much higher.
‘If the gold bet works, the Bitcoin bet will work better,’ said Stanley Druckenmiller. ‘I’m a bit of a dinosaur, but I have warmed up to the fact that Bitcoin could be an asset class that has a lot of attraction as a store of value. Read More