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Billionaire Stan Druckenmiller: Everything, including cryptocurrencies, is in a bubble

Share In2021-11-0812529 Views
On Nov. 8, Billionaire Stan Druckenmiller told a Boston investment conference: Everything is in a bubble, including cryptocurrencies, meme stocks, other stocks, and bonds, and this bubble is enveloping every asset on the planet. Druckenmiller emphasizes that the current bubble is not as narrow as the Internet bubble. But he believes that many investors are living in the present, and that in the long run, bubbles do breed disaster. Druckenmiller earlier revealed that he holds bitcoin and said it is a more attractive means of storing value than gold.

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