Billionaire Druckenmiller Describes Bitcoin as a Brand That He Should Probably Buy

Published on:

Last Updated on November 1, 2023 by Bitfinsider

Billionaire Stan Druckenmiller confesses he doesn’t own any bitcoin and believes this is a mistake.

“To be honest, I don’t own any bitcoin, but I should,” Druckenmiller remarked. During a fireside chat at an investors conference in New York City on Oct. 24, the former hedge fund manager who formed Duquesne Capital spoke with hedge fund manager Paul Tudor Jones.

Since at least 2020, the renowned investor has referred to bitcoin as an asset class and store of value comparable to gold. Druckenmiller stated in the same year that he owned some bitcoin, but given his comments on Monday, he must have liquidated his investment.

Druckenmiller mentioned how popular bitcoin is among the younger generation and how, considering how long it has been around, he believes the cryptocurrency, like gold, to be a “brand.” He also stated that while he likes bitcoin as an asset class, he prefers gold, which he owns.

How to Buy or Trade BTC on ProEX

You can buy or trade BTC on ProEX. As ProEX frequently holds campaigns and events, you should check out its event page here to see if you can participate and win rewards as you trade.

On ProEX, you can trade BTC as a spot pair (BTC/USDT) in 3 simple steps:

  1. Sign up and register an account on ProEX 
  2. Buy USDT via ProEX One-click Buy 
  3. Trade BTC/USDT at ProEX Spot

Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.