Billionaire investor Stanley Druckenmiller is outlining when he thinks it’s smart to own Bitcoin (BTC) and when he thinks it’s better to own gold.
While speaking at a recent Sohn Conference panel, the former president of venture capital firm Duquesne Capital says the financial markets can take two routes moving forward.
According to Druckenmiller, it’s either policy-makers return to adopting loose monetary policies and ignite a bull market underpinned by inflation or they continue with their current path of creating a bearish environment that destroys demand in an effort to tame inflation.
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Explains Druckenmiller,
“If you believe we’re going to have irresponsible monetary policy and inflation going forward, if it’s in a bull phase, you want to own Bitcoin, but if it’s in a bear
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