We\u2019re starting to hear anecdotal evidence for the first time. It started about five weeks ago. But on the margin, things are getting softer.\u201d\u00a0<\/em><\/p>\nDruckenmiller did not provide any concrete examples of what might break but noted that it may involve the stock market.<\/p>\n
When asked about his investment strategy for the stock market, Druckenmiller says,<\/p>\n
\u201c[The Biden Administration\u2019s economic stimuli] will create opportunity in the stock market. But that very stimulus puts pressure on rates, which will cause all sorts of other things within the stock market to break.\u201d<\/em><\/p>\nTurning his attention to the flagship crypto BTC, the investor says he understands that BTC is becoming a legitimate store of value for the next generation. He only wishes he had realized that sooner.<\/p>\n
\u201cI\u2019m 76 years old. I own gold. I was surprised that Bitcoin got going. But, you know \u2013 it\u2019s clear that the young people look at it as a store of value because it\u2019s a lot easier to do stuff with. <\/em><\/p>\nThe young people have all the money\u2026 So, I like them both [BTC and gold].<\/em><\/p>\nI don\u2019t own any Bitcoin, to be frank. But I should.\u201d\u00a0<\/em><\/p>\n