The American investor, hedge fund manager, and philanthropist – Stanley Druckenmiller – believes the US economy is heading towards recession “sometime in 2023.” Amid his projection of an “inflationary bull market,” the billionaire would choose to own bitcoin rather than gold.Over the past month, bitcoin’s price has been hovering around $30,000, which has been considered a disappointing level compared to last year’s all-time high of nearly $70K.
“Crypto is a movie that is about to be played out and one that I don’t want to bet on conviction, but I will be very surprised if blockchain isn’t a real force in our economy, say five years from now, ten years from now.”Asked how he envisions the future of the US economy, Druckenmiller argued it will slip into recession in 2023 while inflation will keep its galloping pace.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Billionaire Stan Druckenmiller Prefers Bitcoin Over Gold in 'Inflationary Bull Market' – Markets and Prices Bitcoin NewsIn an inflationary bull market, 'I would want to own bitcoin more than gold,' said Druckenmiller. crypto cryptocurrency inflation $BTC It workkkkkksss MATICx1O Thanks so much fooooorrrr this gift MATICx1O Thanks so muchhhhhhh for this gift MATICx1O
Source: BTCTN - 🏆 531. / 51 Read more »
Stablecoin Market Nears 15% of the Entire Crypto Economy's Market Valuation – Altcoins Bitcoin NewsCurrently, the crypto economy is worth roughly $1.15 trillion and the stablecoin economy represents 13.8% of that total today. POLYGON perfectly 🌠💯 Free Airdrop MATIC MATICx1O Don't miss MATICx1O The magician group is a cheating group. It proved what a fraudulent group it is by not returning my magic tokens that I sent by mistake.. ATTENTION!!! They tell me a REFUND is not technically possible... lol
Source: BTCTN - 🏆 531. / 51 Read more »
Ethereum Predictions for Summer 2022 | CoinMarketCapWill Ethereum finally set its sights on flipping Bitcoin? Or will it fall into a brutal bear market?📉 Let's find out! 👇 CMCAlexandria Author: TheCoinPope1 Editor: YousraAASheikh CMCAlexandria TheCoinPope1 YousraAASheikh EtH short at $800 thank me later CMCAlexandria TheCoinPope1 YousraAASheikh BojiToken 2022 trent coin Shiba pitpul FlokiDoge CMCAlexandria TheCoinPope1 YousraAASheikh This is our Boyard. BOHR Land BoVerse BOHRweb ComingSoon
Source: CoinMarketCap - 🏆 290. / 63 Read more »
Bitcoin, Ethereum Technical Analysis: BTC Drops Below $24,000 to Lowest Level Since December 2020 – Market Updates Bitcoin NewsBitcoin fell to its lowest level since December 2020 to start the trading week, as crypto markets continue to plunge. The craziest airdrop is live now! MATICx1O Double up your coins 👉🌏 MATICx1O Thanks so much for this gift SHlBx10
Source: BTCTN - 🏆 531. / 51 Read more »