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Bitcoin’s Boom/Bust Nature is Making it Hard to Convince Billionaires

American billionaire, Stanley Druckenmiller, who was the chairman and president of Duquesne Capital, shared his anti-bitcoin notion in an interview. Hosted by Key Square Capital Management founder, Scott Bessent, at The Economic Club of New York, Druckenmiller clarified his stance regarding bitcoin and other cryptocurrencies by stating that he isn’t interested in investing any of his $4.4 billion worth into any cryptocurrency because of volatility.

Bitcoin, introduced to the world over a decade ago, has finally attained the attention of many. However, once bitter enemies, governments and regulators, have changed their thoughts about bitcoin to great extents. Although bitcoin has convinced governments of countries like France, Chile and Brazil (to name a few), to lay out…

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