Billionaire Stanley Druckenmiller talks about his investment in bitcoin
In an interview with Druckenmiller drew attention to the stabilization of the bitcoin market and compared investments in cryptocurrency with investments in gold: “I have in many times more gold, than bitcoins, but, in truth, if the gold bet will work, the bitcoin bet will probably work better because it thinner and more illiquid and much more sensitive relatively movements of the rest market. He exists about 13 years old and with each passing day absorbs more stabilization as a brand “.
Back in the past year Druckenmiller did not welcome the idea of investing in bitcoin. “I do not consider myself a Neanderthal, which I was called when I said that I do not hold bitcoin“, – added is he.
Druckenmiller founded Duquesne Capital and is considered one of the most successful executives on Wall Street. Own he closed the fund in August 2010, explaining decision themes, felt unable to provide high returns for clients. At close under the management of Duquesne Capital were assets more than $ 12 billion since 1988 by 2000 Druckenmiller managed the money of George Soros as a portfolio manager for the Quantum Fund. Reportedly, amid the 2008 crisis, he succeeded to earn $ 260 million. Personal state Druckenmiller is valued at $ 4.4 billion.