Morgan Creek Digital co-founder Anthony believes that the decentralized nature of bitcoin will ensure its adoption even if restrictions are introduced

American investor and billionaire Stanley Druckenmiller regrets not investing in bitcoins. He says this decision a mistake.

Previously, the hedge fund manager has repeatedly spoken out in favor of the main cryptocurrency, calling it a new asset class. Back in 2020, the billionaire claimed to own some BTC, but it appears he sold his crypto assets, which he now regrets.

Druckenmiller also pointed out the serious popularity of Bitcoin among young people. He recalled the age of the main cryptocurrency, noting that BTC can be considered a “brand”, like gold. Although he is impressed by digital gold, Druckenmiller still prefers to invest in the precious metal.

“I’m 70 years old and I invest in gold. I was surprised at the pace of development and it is clear that young people now consider Bitcoin as a means of saving and savings. It’s much easier to do something with bitcoins, sell or buy, and for me it’s already a brand. But I still prefer gold, because this brand is already 5,000 years old,” said the billionaire.

Meanwhile, Morgan Creek Digital co-founder Anthony Pompliano mentioned the uniqueness of Bitcoin and its “discipline.”

“The thing is that Bitcoin is just very disciplined. It is the most disciplined central bank in the world. He doesn’t care about news or geopolitics,” the crypto enthusiast explained.

According to the co-founder of Morgan Creek Digital, the decentralized nature of the main digital coin could ensure mass adoption even if restrictions are introduced by the authorities. Among the prerequisites for the growth of the Bitcoin rate, Pompliano noted the aggressive issue of fiat currencies and low interest rates. He believes that today’s economic situation is also contributing to renewed interest in BTC.

“BlackRock is about to launch [a Bitcoin ETF]. You see they are preparing for approval. […] I don’t think BlackRock would have gone through all this [if it wasn’t confident]. There is a risk to reputation. People know what they are doing. Most likely, the tool will be approved,” Pompliano added.

According to CoinShares, the inflow into digital investment products from October 21 to October 27 reached $326 million. This is the maximum since July last year.

Experts believe this is due to positive sentiment regarding the future approval of a spot Bitcoin ETF. Analysts also note that 90% of total inflows, amounting to $296 million, come from BTC-related assets.