Bitcoin an Alternative to ‘Casino’ Central Bank Policies: Bill Gross
Bitcoin and private blockchains offer an alternative to investors losing faith in centrally planned economic models, said billionaire investor Bill Gross. He warned that these central bank policies around the world “threaten capitalism” and real growth. The high-profile fund manager and philanthropist said central bank policies were like gamblers,....
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Bill Gross from Janus Global Unconstrained Bond Fund believes that the flawed monetary policies implemented by central banks are turning investors towards Bitcoin. Bitcoin and its underlying distributed ledger technology can definitely give centralized monetary systems a run for their money. At least that’s what Bill Gross, a billionaire bond manager believes. Bitcoin is already popular as being an alternative to conventional financial assets. Thanks to low and negative interest rate policies being implemented by the central banks in few countries, investors are now turning from....
The bitcoin price hasn’t moved since our last price piece, and $611 remains as the mark where bitcoin makes its present home. However, despite the sideways movement, billionaire Bill Gross seems optimistic One source describes the action: “Things haven’t gone great so far. We’re not down on the markets or anything – we’re a little bit up on our Monday balance – but things have been incredibly dull. When we get action like this, all we can do is sit and wait, maybe dabble with an attempt at a fundamental bias for a bit of variety. The thing is, you only really realize it when you pull out....
Reviewing the major monetary policy changes from the world’s central banks this year, it’s clear that there is the need for an alternative. The post Reviewing 2020’s Central Bank Policies appeared first on Bitcoin Magazine.
Billionaire bond manager Bill Gross believes most investors are shying away from low-interest central banks and turning to bitcoin. As a new era of financial innovation falls upon us, fiat currencies from the pound to the ruble and even the yuan and U.S. dollar have fallen in value, and many simply don’t believe they’re capable of the magic feats they once were. From gold to digital currency, money-hounds are looking for other ways to keep their savings in good hands, and Gross says bitcoin has become a popular route. In a note to Janus investors, Gross writes: “Bitcoin and privately....
Bitcoin is an example of a new innovation that will see the current financial infrastructure governed by central banks challenged, as the current negative/zero interest rates threaten capitalism itself, says billionaire Bill Gross, the financial manager who runs the Janus Global Unconstrained Bond Fund. In his latest investment outlook letter released today, billionaire bond manager Bill Gross, who runs the $1.5 billion Janus Global Unconstrained Bond Fund has notably picked bitcoin as an attractive storage of wealth for investors, while delivering a damning verdict on the manner in which....