Druckenmiller sees new cryptos eventually overtaking Ethereum, other incumbents

Stanley Druckenmiller
Anjali Sundaram | CNBC

The cryptocurrency that could potentially come to dominate every day transactions and contracts likely hasn't been invented yet, billionaire investor Stanley Druckenmiller said Tuesday.

Druckenmiller, CEO of the Duquesne Family Office, joined CNBC's "Squawk Box" to discuss his warning about the Federal Reserve creating asset bubbles and devaluing the U.S. dollar through continued monetary stimulus.

More In CNBC TV Picks

CNBC ProCramer sees rough week ahead for market: 'Let stocks come down a little and then do some buying'
CNBC ProJeremy Siegel—who called Fed surprise, market decline—says he's not lowering his stock exposure
CNBC ProStock investors should keep riding rally even though the Fed may be making mistake, El-Erian says