In the last week, famous global macro hedge fund manager Stanley Druckenmiller disclosed that he now owns some Bitcoin in a recent CNBC interview. https://finance.yahoo.com/news/billio...
After the interview many Bitcoin longs like Raoul Pal and Preston Psych were very happy: https://twitter.com/RaoulGMI/status/1...
However, more Wall Street money managers may pile onto the trade now that Stanley Druckenmiller is on board. Druckenmiller's trades are often copied. And now CNBC may start to pump Bitcoin again like in 2017.
Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason's work at his blog website at www.jasonburack.com.