Billionaire investor Stanley Druckenmiller recently praised Bitcoin for establishing itself as a strong brand over the past 15 years. In an interview with hedge fund manager Paul Tudor Jones, Druckenmiller compared Bitcoin to gold as a store of value and acknowledged the growing popularity of Bitcoin among young people. While he does not currently own any Bitcoin, he admitted that he should. Druckenmiller is known for his successful career as a hedge fund manager on Wall Street and has a net worth of $6.2 billion. Despite not owning Bitcoin, he sees the potential for cryptocurrency to play a significant role in the future if people lose faith in central banks. Druckenmiller has previously expressed support for blockchain technology and the potential for a ledger-based system to replace the US dollar as the world’s reserve currency. He has also predicted that Ethereum will eventually overtake Bitcoin in terms of market dominance. While sentiment towards Bitcoin has been warming among Wall Street firms, there are still notable critics like Warren Buffett and Charlie Munger who view it as having no value. Recently, there has been a surge in inflows to crypto exchange-traded products (ETPs), indicating growing optimism among investors. This increase in inflows could be driven by the anticipation of the US Securities and Exchange Commission approving a spot-based Bitcoin ETF. Despite multiple applications being filed, the SEC has not yet approved a spot Bitcoin ETF.