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- Doge the result of craziest monetary policy in history
- ETH will not be able to sustain its dream run
- BTC will continue to remain the number one cryptocurrency
Stanley Druckenmiller, owner of Pittsburgh Steelers, and renowned American investor, hedge fund manager, and philanthropist, shared his views on cryptocurrencies in an interview with The Hustle. The gist of the talk which came out was, Bitcoin will be difficult to unseat from his Number One slot, ethereum is unlikely to maintain its dream run and dubbed Dogecoin as the outcome of the craziest monetary policy in history.
Stan Druckenmiller on Dogecoin
In an interview with The Hustle well-known investor, Stanley Druckenmiller was forthright in his views on cryptocurrencies taking the market by storm. Stanley was also at his wittiest best when discussing the Meme coin Dogecoin and said Won’t Long or Short DOGE.
Calling DOGE an NFT, he called it an outcome of the craziest monetary policy in history. Stanley added that there is no limit on the supply of Dogecoin and therefore does not see any utility of it right now. He also opined that it doesn’t even bother him when Dogecoin values go up or down.
Bitcoin vs Ethereum
Druckenmiller opined that Bitcoin has established itself as a brand leader and has been consolidating its position for the last 13-14 years. It also is more authentic since its supplies are not infinite. He also said that it would be difficult to topple Bitcoin from its numero uno position.
Druckenmiller also revealed that he does not own any bitcoin. As to whether Ethereum will continue its dream run, Druckenmiller said that he was very skeptical about it.
In the end, he compared the BTC and ETH rivalry to the race between Google and Yahoo. Google is not much faster than Yahoo but still has maintained its edge even if it is by a trifle, and it is what counts in the end.
Druckenmiller is the founder of the Duquesne Capital in 1981, which he later closed in August 2010, when it had over $12 billion in assets. Billionaire Stan Druckenmiller was also the lead portfolio manager for the Quantum Fund until 2000 and managed money for George Soros. He is also the owner of the Pittsburgh Steelers.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
