In a recent fireside chat at Robin Hood NYC 2023 with fellow billionaire Paul Tudor Jones, prominent investor Stanley Druckenmiller revealed who currently does not own any Bitcoin.
However, he believes that you should have the flagship cryptocurrency in your portfolio.
Gold and Bitcoin
Druckenmiller previously compared the ancient store of value, gold, to the contemporary digital currency.
Noting the stark age difference between the two, he singled out his own gold holdings because of its long-standing reputation as a reliable store of value.
However, he acknowledged the growing preference for Bitcoin among younger generations, who see it as an easier and more efficient asset to manage and transact.
It is worth noting that in a previous CNBC interview from 2020, Druckenmiller had confirmed his investment in Bitcoin while maintaining a significantly larger position in gold.
Tudor Jones still supports Bitcoin
Tudor Jones, in a recent appearance on CNBC’s “Squawk Box,” reaffirmed his continued support for Bitcoin despite its recent price drop.
This comes amid global concerns such as potential Federal Reserve rate hikes and increased geopolitical tension.
Tudor Jones, known for his initial investment in Bitcoin as a hedge against inflation, previously expressed doubts about the digital currency’s appeal earlier this year.
