The well-known investor Stanley Druckenmiller said in an interview with CNBC, this Monday, May 11, that bitcoin will remain the leader in the cryptocurrency market, due to its value reserve attribute.

Druckenmiller, former CEO of the Duquesne Family Office, harshly criticized the Fed’s monetary expansion policies, which could weaken the dollar, until it lost its role as a world reserve currency.

The billionaire investor revealed to CNBC that he owns BTC and that he was attracted to that cryptocurrency, which he considers a store of value.

«Bitcoin could be a Asset class that has a lot of appeal as a store of value, both for millennials and for the wealthy on the West Coast who, as you know, bought a lot, ”said Druckenmiller . “It has existed for 13 years and with each passing day it becomes more stable as a brand”, he stated.

Although he admits that his investment in gold is “many, many times greater” than that of has done in bitcoin, affirms that it is more manageable than gold and that it has better beta. This coefficient measures the relationship of return and risk than a investment adds to a portfolio. Druckenmiller had already highlighted those advantages of bitcoin over gold in an interview conducted in November 2020, which was reviewed by CriptoNoticias.

Ethereum vs Bitcoin

When asked if Ethereum could dethrone Bitcoin in market value, the investor stated that Ethereum has an advantage over Bitcoin as a platform for smart contracts, but which is not likely to outpace Bitcoin for that. “It’s going to be very difficult to dethrone Bitcoin as a valuable asset,” said Druckenmiller.

To support his thesis, he compared Ethereum to Yahoo, which lost market share to Google. “Yahoo invented the search engine, but we all know what happened to Google and Yahoo,” said Druckenmiller.

The dollar may lose reserve status

Druckenmiller also harshly criticized the Fed. According to the investor, the monetary expansion policy of the issuing entity endangers the role of the US dollar as a world reserve currency. “It is very likely that within 15 years the dollar will lose its status as a world reserve currency,” said Druckenmiller. “I cannot find any period in history in which monetary and fiscal policy was as out of step with economic circumstances as it is now, not one.”

He also maintains that he sees the cryptocurrency market as a way out from the weakness of the dollar. ‘Europe is a complete disaster and who is going to trust the Chinese? I said that cryptocurrencies were the solution in search of a problem and the problem is already clearly identified. It’s jerome powell and the rest of the world’s central bankers »stated the investor.