Bill Gross: 'Casino' Markets Are Pushing Investors to Bitcoin

Bill Gross: 'Casino' Markets Are Pushing Investors to Bitcoin

Risky markets and an incapable central banking culture could drive investors into the arms of bitcoin and gold, billionaire asset manager Bill Gross opined in a recent note to investors. Gross, who founded the Pacific Investment Management Co. and now spearheads the Janus Global Unconstrained Bond Fund, dubbed markets a "casino" and said that low returns in an environment of zero-cost debt could ultimately push some investors to take their money elsewhere – thus risking further destabilization. He wrote in a note to Janus investors, published today: "Bitcoin and privately....


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Quotes

I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party.

Satoshi Nakamoto, Bitcoin Developer