Billionaires Investing in Bitcoin

Bitcoin - BTC

Bitcoin is Becoming more popular between Billionaires and Institutional investors every day. Recently Billionaire Stanley Druckenmiller while talking to CNBC mentioned that besides gold he owns BTC as well. He compared himself to a dinosaur when it comes to Bitcoin because he did not recognize the potential of Bitcoin before, but he said now he is bullish on BTC and believes that Bitcoin can be a much better instrument to store the value than gold.

Stanley Freeman Druckenmiller is an American investor, hedge fund manager, and philanthropist. He is the founder of Duquesne Capital which prior to closing in 2010, had over $12 billion in assets. From 1988 to 2000, he managed money for George Soros as the lead portfolio manager for Quantum Fund. He is reported to have made $260 million in 2008.

Lately, The Financial Giant, Citibank, has mentioned Bitcoin in its reports as well. Citibank analysts forecast that the price of Bitcoin might be reaching $300,000 in December of 2020.

This kind of interest from big investors is showing in BTC price as well. At the moment of writing this article price of BTC has reached $18,559, which is just around 6 % shy from BTC all-time high record Price. We are positive that BTC will be reaching new record prices soon.

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