Legendary Investor Stan Druckenmiller Turns Bitcoin Bull

Billionaire investor Stan Druckenmiller made pro-bitcoin comments on CNBC, joining other high-profile, ultra high-net-worth investors.

CoinDesk Insights
Nov 10, 2020 at 8:00 p.m. UTC
Updated Sep 14, 2021 at 10:29 a.m. UTC

The billionaire investor made his pro-bitcoin comments on an appearance on CNBC.

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

This episode is sponsored by Crypto.com and Nexo.io.

Today on the Brief: 

  • Was Monday’s stock rally overdone? 
  • Lebanon to launch digital currency
  • 3 reasons BTC has rallied 60%+ in two months

Our main discussion: Stan Druckenmiller, Bitcoin Bull. 

A few months ago, Stan Druckenmiller told CNBC that he could imagine inflation of 5%–10%. Yesterday, he returned to the network to discuss why bitcoin had captured his attention as a potential hedge.

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.