Legendary investor Stanley Druckenmiller gave an interview to CNBC’s Squawk Box strengthening the theory of Bitcoin as a store of value. Druckenmiller talked about the possibility of the U.S. dollar losing its status as a reserve asset and the rise of BTC and cryptocurrencies to solve a problem accelerated by the current economic crisis and the Covid-19 pandemic.
The hedge fund manager believes that the U.S. Federal Reserve is enabling a “massive expansion” in fiscal policy and an increase in debt. In the next 15 years, the U.S. could no longer be held as a reserve currency because of this policy.
