Billionaire Hedge Fund Manager, Stanley Druckenmiller Long Bitcoin

Many investors have speculated that bitcoin may develop into a "Gold 2.0," and have touted it's strengths as a long-term store of value, but there are also many billionaires and academics who don't see bitcoin as having any value. The truth has yet to play out, but in a recent conversation on CNBC, Stanley Druckenmiller, billionaire hedge fund manager and prior critic of bitcoin, stated that bitcoin could be an asset class and that he actually owns a small amount himself. 

And it certainly didn't go unnoticed. 


He then goes on to state that he owns a lot more gold, showing that his confidence in gold, is still much higher than it is in bitcoin. From his brief comments, he seems to feel like bitcoin is worth a small allocation of his profile, just in case it does become significant. And if it doesn't, then losing a small amount of net worth won't hurt too much either.  

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