I just saw that Druckenmiller appeared on CNBC saying he owns Bitcoin. I mean, this guy was recently betting against the dollar and now he has a position in BTC. The interesting part is that he admits his gold holdings are much larger, but he says Bitcoin will probably perform better because it’s more liquid and more volatile. Druckenmiller predicts the dollar will fall in the next 3 or 4 years, so he’s basically hedging his bets. It’s not that he’s all-in on crypto, but having a public investor of his level hold a position in Bitcoin says a lot about the market right now. Let’s see what happens with that weak dollar he mentions.

BTC-3,42%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin