Take
Bitcoin as 'high beta gold' while the Fed keeps printing
Druckenmiller coins Bitcoin as 'high beta gold,' arguing that as long as Jay Powell keeps running loose monetary policy, both gold and Bitcoin will have the wind at their backs, with Bitcoin amplifying gold's moves.
“Yeah, and I think, you know, as long as Jay Powell keeps acting like he's been acting, I think gold and Bitcoin— and Bitcoin seems to be a high beta gold— are going to have the wind behind them.”
mfmindex.com№ 0000-2567