Stanley Druckenmiller: "Investing in bitcoin is better than investing in gold"

American billionaire and former head of the Head Fund Stanley Drandmiller (Stanley Printmiller) considers, that investment in bitcoin will be more profitable than investments in gold.

During his speech on the CNBC channel, Drakentmiller noted the stabilization of cryptocurrency market and markedly reduced volatility of the first cryptocurrency. Now, According to Drakenmiller, Bitcoin investments are not so different from investments in gold. He noted:

“Bitcoin will become a very popular asset for storing and accumulating wealth, especially for millennials and younger investors. I have much more gold in my portfolio, rather than bitcoin. But, Honestly, I think, what if gold will grow, then bitcoin will grow even more, Because the capitalization of this asset is noticeably less ".

Note, that lately the correlation between the courses of bitcoin and gold is increasing, although this indicator is still far from the level of August this year. Besides, The recent report of the financial conglomerate JPMorgan Chase says, that Bitcoin pulls over part of the investment in ETF on gold.