Wealthy Investor, Stanley Druckenmiller reveals Bitcoin regret

Billionaire investor Stanley Druckenmiller expressed his regrets about not buying Bitcoin (BTC) early enough.

“I just couldn’t stand the fact that it was going up and I didn’t own it,” he said in an interview with Hustle.

For the first move in Bitcoin—I think from like $50 to $17,000—I just sat there aghast. And […] I wanted to buy it every day. It was going up and—even though I didn’t think much of it—I just couldn’t stand the fact that it was going up and I didn’t own it,” Stanley continued.

The 68-year-old is worth over $5 billion and is regarded as one of the most successful investors of all time.

Stanley eventually bowed to pressure and bought $20 million worth of Bitcoin.

“It took me 2 weeks to buy $20 million. I bought it all around $6,500, I think. And I said, ‘this is ridiculous.’ You know, it takes me two weeks. I can buy that much gold in 2 seconds,” he lamented, adding, “So like an idiot, I stopped buying it. The next thing I knew, [Bitcoin] is trading at $36,000.” the wealthy investor confessed.

“My heart’s never been in it. I’m a 68-year old dinosaur, but once it started moving and these institutions started upping it, I could see the old elephant trying to get through the keyhole and they can’t fit through in time,” he stated.

NEXT: US SEC go after 5 individuals in relation to Bitconnect Ponzi Scheme

About Godwin

Godwin is a multi-faceted writer. He covers the latest and most significant news in the crypto industry for Newsbsc. Aside from his work here, he writes exceptional SEO optimized web contents for other websites in different sectors.

Check Also

Terra Luna


Following the passage of a strategy to make “Terra 2.0”, major popular global digital currency …

Leave a Reply

Your email address will not be published.

NewsBSC Social

Now follow us on social media.