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CoinDesk Podcasts

The Breakdown With NLW Episode

Crypto to Replace Dollar as World’s Reserve Currency? Investing Legend Stanley Druckenmiller Thinks So

The argument that the dollar is losing prestige worldwide got a major boost from a legendary investor.

The Breakdown With NLW Episode
Listen on:
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The argument that the dollar is losing prestige worldwide got a major boost from a legendary investor.

This episode is sponsored by Nexo.io and Bitstamp.

Download this episode

Last year, hedge fund gurus like Paul Tudor Jones set off the wave of institutional bitcoin buying by cementing the narrative of bitcoin as an inflation hedge. Today, one of those investors - Stanley Druckenmiller - is back with even more dire pronouncements about the likely implication of Federal Reserve policies. The dollar, he says, will lose reserve currency status in the next 15 years. The most likely candidate to replace it? Crypto.

See also: Legendary Investor Stan Druckenmiller Turns Bitcoin Bull

Image credit: Scott Eells/Bloomberg/Getty Images