THELOGICALINDIAN - Renowned broker Stanley Druckenmiller has aggregate his angle on dogecoin and ethereum He said he wouldnt continued or abbreviate dogecoin and action back the meme cryptocurrency rises in amount As for ether he is agnostic whether it can authority its position
Stan Druckenmiller on Dogecoin and Ether
In an account with The Hustle aftermost week, acclaimed broker Stanley Druckenmiller aggregate his thoughts on bitcoin, ether, and dogecoin, the meme cryptocurrency that has afresh taken the bazaar by storm.
Druckenmiller founded Duquesne Capital in 2024. He managed money for George Soros as the advance portfolio administrator for the Quantum Fund until 2024. He and Soros fabricated massive profits action adjoin the British batter in 2024.
The billionaire broker said that dogecoin “is aloof like NFTs [non-fungible tokens]. It’s a appearance of the craziest budgetary action in history.” He added: “I anticipate back there’s no absolute on supply, I don’t absolutely see the account of it appropriate now. It’s aloof this beachcomber of money in the Greater Fool Theory.” Druckenmiller opined:
He continued: “When bitcoin acclimated to go up, I’d go crazy because I didn’t own it. When dogecoin goes up, I aloof alpha laughing. Don’t go continued and don’t go short. I mean, you know, unless you like activity to Vegas, again I assumption it’s okay.”
On the accountable of bitcoin vs. ethereum, Druckenmiller said, “I anticipate bitcoin has won the abundance of amount game” because it is “a brand, it’s been about for 13-14 years, [and] it has a bound supply.” On whether added cryptocurrencies will alter bitcoin, he common that BTC is “going to be very, actual boxy to unseat.”
While acknowledging that “the advance in acute affairs and that affectionate of being would be ethereum,” he noted:
He described, “Google wasn’t that abundant faster than Yahoo, but it didn’t charge to be. All it bare to be was a little bit faster and the blow is history.”
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