Stanley Druckenmiller, former strategist of financial tycoon George Soros and legendary American fund trader, recently publicly praised Bitcoin, believing that Bitcoin has established a distinctive brand image over the past decade, which is very important. To his credit, he admitted that he doesn’t own any Bitcoin, which may have been a mistake.
On October 24, the legendary Wall Street manager held a fireside chat with hedge fund tycoon Paul Tudor Jones at an investor conference in New York, and in the process shared his latest views on Bitcoin , and even compared Bitcoin with gold as a store of value.
Stanley Druckenmiller said that Bitcoin has become a more valuable asset in the eyes of young people, and Bitcoin is like gold, and both are a "brand." He said in the interview:
I'm 70 years old and I own gold. I'm surprised by the rise of Bitcoin, but it's clear that young people see it as a store of value because it's so much easier to do things with Bitcoin, and then again, it's 17 years old, and to me, that's It's just a brand. And what I love about gold is that it’s a brand that’s 5,000 years old.
"So, I like both. Frankly speaking, I don't own any Bitcoin, but I feel like I should," said Stanley Druckenmiller.
In fact, Stanley Druckenmiller had invested US$20 million in buying Bitcoin under the persuasion of Paul Tudor Jones as early as 2020, with an entry price of approximately US$6,500. However, he revealed in an interview in September last year that due to the Federal Reserve Bank of The Fed will tighten monetary policy, so all Bitcoin positions have been cleared.
Stanley Druckenmiller has said in the past that "Ethereum is to Bitcoin" as "MySpace is to Google," and claimed that it is almost impossible to replace Bitcoin as the ultimate store of value among assets.
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