{"id":67902,"date":"2022-09-30T13:13:29","date_gmt":"2022-09-30T10:13:29","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=67902"},"modified":"2025-09-07T09:07:07","modified_gmt":"2025-09-07T06:07:07","slug":"stanley-druckenmiller-flags-prospects-for-a-renaissance-in-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/stanley-druckenmiller-flags-prospects-for-a-renaissance-in-cryptocurrencies\/","title":{"rendered":"Stanley Druckenmiller Flags Prospects for a ‘Renaissance in Cryptocurrencies’"},"content":{"rendered":"

Former George Soros Quantum Fund associate and billionaire Stanley Druckenmiller forecast the revival of digital assets amid the collapse of a fiat-based economy. He said so at a CNBC conference CNBC<\/a>.<\/p>\n

The expert expects a ‘hard landing’ for the economy in 2023 amid aggressive tightening of monetary policy by the the Fed<\/span>.<\/p>\n

In his view, quantitative easing and low rates have led to bubbles in financial markets. Now these factors have not only halted, but reversed. The Fed has begun unwinding its $9 trillion balance sheet and has already raised the policy rate five times to 3\u20133.25%,<\/a> anticipating its peak at around 4.6%.<\/p>\n

\n

\u201cYou don’t even need to talk about black swans to worry. [\u2026] The current risk premium doesn’t make much sense. [\u2026] It’s hard for me to own anything in a tightening monetary policy environment,\u201d<\/em> \u2014 he explained.<\/p>\n<\/blockquote>\n

In case of loss of faith in central banks\u2019 actions, cryptocurrencies \u201cwill play a major role in the renaissance,\u201d Druckenmiller forecast.<\/p>\n

The expert expects that the Fed \u201cwill finish the job it enjoys doing.\u201d<\/p>\n

\n

\u201cI just hope they will stick to their guns, because in the 70s it was awful. They must kill the dragon [inflation]. [\u2026] Obviously, pain lies ahead,\u201d<\/em> \u2014 he said.<\/p>\n<\/blockquote>\n

Earlier in November, Stanley Druckenmiller noted<\/a> that a bubble can be named not only for cryptocurrencies.<\/p>\n

Read ForkLog\u2019s Bitcoin news in our Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"

Former George Soros Quantum Fund associate and billionaire Stanley Druckenmiller forecast the revival of digital assets amid the collapse of a fiat-based economy. He said so at a CNBC conference.<\/p>\n","protected":false},"author":1,"featured_media":67903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1269,1156,1138],"class_list":["post-67902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrencies","tag-institutional-investors-and-whales","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/67902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=67902"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/67902\/revisions"}],"predecessor-version":[{"id":67904,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/67902\/revisions\/67904"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/67903"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=67902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=67902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=67902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}