Stanley Druckenmiller says stablecoins, BTC could change finance

Legendary U.S. hedge fund manager and billionaire investor Stanley Druckenmiller said that stablecoins and Bitcoin could change the financial landscape. In an interview with Morgan Stanley, he explained that stablecoins could become the foundation of the global payments system within the next 10 to 15 years, CoinDesk reported. He described them as more efficient, faster, and cheaper than existing systems, adding that the use of blockchain and stablecoins is highly beneficial for productivity. Druckenmiller also noted that Bitcoin has become a brand and is likely to remain a store of value because people like it. He further questioned how long the U.S. dollar could maintain its status as the world's reserve currency, stating that he does not believe the euro will take its place in 50 years and is unsure which currency might.