Crypto Has A Bright Future As People Lose Faith In Central Banks, Billionaire...
Crypto is making a positive noise as more people lose faith in central banks, Billionaire hedge fund investor Stanley Druckenmiller says. Druckenmiller is confident with the comeback of crypto, especially with the recent condition of the global economy as the world is combating both recession and inflation. Druckenmiller was recently interviewed by CNBC and he […]
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Renowned billionaire hedge fund manager Stanley Druckenmiller says he could see cryptocurrency “having a big role in a Renaissance because people just aren’t going to trust the central banks.” He added that he will be “stunned” if the U.S. isn’t in a recession next year.
Stanley Druckenmiller: People Just Aren’t Going to Trust Central Banks
Billionaire investor Stanley Druckenmiller discussed the U.S. economy and cryptocurrency in an interview at the CNBC Delivering Alpha conference Wednesday. Druckenmiller is the chairman and CEO....
Most of the Germans feel the European Central Bank is to blame. They feel the ECB is igniting eurozone inflation with negative interest rates. Having faith in a bank is not something most people are accustomed to these days. Things seem to be going from bad to worse in Germany. Savers are pulling funds out of savings to park cash in such a way they can avoid negative interest rates. This decline in saving accounts’ popularity could be good news for Bitcoin in the long run. Similarly to most countries in the world, Germany is faced with looming negative interest rates. This means users who....
The central bank said it will reach a decision on releasing a digital euro "towards the middle of 2021." In an interview today, Fabio Panetta, executive member of the European Central Bank said the ECB may only allow digital euro holdings “up to a certain threshold” but added that the rollout of the central bank digital currency was unlikely to cause banks to lose deposits. Specifically, Panetta said that this threshold “could be around €3,000” — worth roughly $3,600 — which he said would still meet most people’s cash needs. He added that these figures were ”still under discussion” and....
Bitcoin and private blockchains offer an alternative to investors losing faith in centrally planned economic models, said billionaire investor Bill Gross. He warned that these central bank policies around the world “threaten capitalism” and real growth. The high-profile fund manager and philanthropist said central bank policies were like gamblers,....
Bitcoin's rising price reflects declining faith in the existing financial system. Will central bankers like Christine Lagarde take notice?