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21 June 2021

Bitcoin FOMO and Paul Tudor Jones Led Stan Druckenmiller to Invest Millions in BTC – Featured Bitcoin News

Bitcoin FOMO and Paul Tudor Jones Led Stan Druckenmiller to Invest Millions in BTC – Featured Bitcoin News


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When bitcoin was going up, Druckenmiller said, “I just couldn’t stand the fact that it was going up and I didn’t own it … I felt like a moron.”.

Renowned investor Stan Druckenmiller has shared how he got into bitcoin in an interview with The Hustle published on May 26.

When the price of bitcoin skyrocketed from $50 to $17,000, Druckenmiller described, “I just sat there aghast,” admitting, “I wanted to buy it every day.” The billionaire investor elaborated:.

When the price of BTC plummeted to the $3,000 level, two things happened that pushed Druckenmiller into investing in the cryptocurrency.

Druckenmiller further shared: “I took my costs and then some out of it and I still own some of it.” He admitted: “My heart’s never been in it,” emphasizing that he is “a 68-year old dinosaur.” Nonetheless, he realized that “once it started moving and these institutions started upping it, I could see the old elephant trying to get through the keyhole and they can’t fit through in time.”

In November last year, Druckenmiller said that bitcoin could be an attractive store of value that could beat gold

He further said, “I came to the conclusion that bitcoin was going to be the best of inflation trades, the defensive trades that you would take.”

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