During a recent fireside chat at the Robin Hood NYC 2023 event, billionaire investor Stanley Druckenmiller disclosed that he is not currently holding any Bitcoin in his portfolio. Nevertheless, he recognizes the importance of having the flagship cryptocurrency as part of his investment strategy.

Comparing Gold and Bitcoin

Druckenmiller has previously drawn parallels between the traditional store of value, gold, and the modern digital currency, Bitcoin. He noted the significant generational gap between the two assets and emphasized his ownership of gold due to its longstanding reputation as a reliable store of value.

However, Druckenmiller acknowledged that younger generations increasingly prefer Bitcoin due to its ease of management and efficiency in transactions.

It’s worth mentioning that in a previous CNBC interview in 2020, Druckenmiller had confirmed his investment in Bitcoin while still maintaining a larger position in gold.

Tudor Jones Stays Bullish on Bitcoin

In a recent appearance on CNBC’s “Squawk Box,” fellow billionaire Paul Tudor Jones reaffirmed his unwavering support for Bitcoin, despite its recent price fluctuations. This statement comes amid global concerns, including potential Federal Reserve rate hikes and heightened geopolitical tensions.

Tudor Jones, known for his initial investment in Bitcoin as a hedge against inflation, had expressed some doubts about the digital currency’s appeal earlier this year but continues to stand by his belief in its long-term potential.