Billionaire investor Stanley Druckenmiller said blockchain and stablecoins may only be a decade away from powering the global payments system — though he isn’t sold on the idea of crypto functioning as a store of value.
"Blockchain and the use of stablecoins, if you want to throw crypto into that, tokens, incredibly useful in terms of productivity," Druckenmiller said.
Druckenmiller said back in May 2021 that a blockchain-based system could replace the payment rails that power the US dollar due to a lack of trust in the traditional banking system.
Despite Druckenmiller’s conviction on blockchain and stablecoins, he isn’t convinced that cryptocurrencies like Bitcoin (BTC) can function as a store of value.
Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries. To support open access to our website and sustain editorial operations, certain commercial or partner references may appear on our site. These arrangements help maintain an accessible platform and do not result in additional costs to readers.
