'I don't own Bitcoin, but I should' — legendary investor Druckenmiller
Oct 30. 2023
By Brayden Lindrea
Billionaire investor Stanley Druckenmiller praised Bitcoin (BTC) for establishing a “brand” over last decade and half — admitting while he doesn’t own any Bitcoin, he ought to.
The billionaire shared his latest thoughts on Bitcoin in an Oct. 30 interview with hedge fund manager Paul Tudor Jones, where he made comparisons between Bitcoin and gold as a store of value.
“I’m 70 years old, I own gold. I was surprised that bitcoin got going, but you know, it’s clear that the young people look at it as a store of value because it’s a lot easier to do stuff with. 17 years, to me, it’s a brand. I like gold because it’s a 5,000-year-old brand.” He added:
“So, I like them both. I don’t own any Bitcoin to be frank, but I should.”
Druckenmiller previously held Bitcoin. However in a September 2022 interview, he revealed he had sold it in light of central banks imposing tightening measures.
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