Stanley Druckenmiller: "A blockchain asset could replace the US dollar" – Bits Media

Stanley Druckenmiller, former hedge fund manager and billionaire (Stanley Printmiller) considers, that the US dollar could be replaced by a system based on a distributed register.

During an interview on the CNBC channel, Drakentmiller noted, that "smart guys" from Massachusetsky Technological Institute or Stanford could come up with a "system based on a distributed register", which would replace the US dollar around the world. But from fiat currencies, there is no one to compete with the dollar.

The billionaire also noted, that now cryptocurrencies are often called a hedging means of inflation, And the Fed The Chairman of the Fed Jar Powell is to blame for this (Jerome Powell) and the leadership of the central banks of other countries.

“I said, that cryptocurrency can become a hedge of inflation, but did not put it in it, After all, we had a US dollar. Why was there something to change? But now the problem has manifested much more. Thanks to Jerome Powell and the Central Bank of the whole world. Lack of trust ", - said Drakenmiller.

To the question about the position of bitcoin in the market, Drakenmiller expressed his opinion, that the leadership of the first cryptocurrency as a means of storing wealth does not threaten anything. Yes, Ethereum is popular for launching smart contracts, But behind Bitcoin lies "History in 14 years old, A whole brand, and, certainly, Limiting the amount of this asset ".

Recall, that in November last year, Stanley Drandmiller said, that investment in bitcoin is better than investment in gold.