Billionaire Stanley Druckenmiller, the chairman and president of Duquesne Capital, was recently interviewed by CNBC and explained why he has a portion of his wealth allocated to digital currencies. “Bitcoin could be an asset class that has a lot of attraction as a store of value to both millennials and the new West Coast money,” said Druckenmiller. “I own many more times gold than I own bitcoin, but frankly, if the gold bet works, the bitcoin bet will probably work better because it's thinner and more illiquid and has a lot more beta to it.” Why Druckenmiller bet on Bitcoin Druckenmiller believes allocating a portion of his wealth into digital currency is going to pay off because he believes the value of the dollar is going to go down over the next five years. In the United States, we have seen one government-approved stimulus package, and many people believe that another government stimulus plan is on its way. That being said, the United States government is going to have to fire up the money printer and put more dollars into circulation. The more USD that is in circulation, the less valuable the USD becomes; which means items priced in dollars are going to become more expensive, including Bitcoin and gold. Druckenmiller was keen to mention that his investment in the digital currency ecosystem should not be overemphasized and that he still holds many times more Gold than he does digital currency. However, he sees that younger generations and “west-coast money” are willing to invest in the digital currency ecosystem and that those two groups could give the digital currency markets a boost as well. That trend is beginning to materialize; recently, there have been a few corporations, including Square and Microstrategy that have invested millions of dollars in digital currency. In addition, hedge fund manager Paul Tudor Jones announced that he had invested between 1-2% of his assets in a digital currency portfolio. Economically similar to gold Calling Bitcoin 'digital gold' is a bit of a stretch, however, economic conditions that are beneficial for gold are generally beneficial for Bitcoin as well. The more inflation that takes place in the United States and the fewer Bitcoins there are in circulation, the more valuable BSV should be.