Billionaire Bill Gross Thinks Bitcoin Looks Better Every Day
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....
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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....
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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....
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....