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Billionaire Stanley Druckenmiller Says He Would Rather Own Bitcoin as Recession Beckons
Cryptocurrency American billionaire investor Stanley Druckenmiller warned the U.S. economy will slip into recession next year, and said that he would rather “own more bitcoin (BTC) than gold” amid rising inflation. Druckenmiller, founder of hedge fund Duquesne Capital, also said “we are six months into a bear market…it’s highly probable that the bear market has a ways to run” and that the stock market rout was not over just yet. Speaking at the virtual 2022 Sohn Investment Conference last Thursday, Druckenmiller said most indicators pointed toward an economy heading south. “Inflation has never come down without a recession and I […]