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.