'Bond King' who called Bitcoin a lie now says BTC is a hedge against inflation
Jeffrey Gundlach argues that Bitcoin and gold could serve to protect investors from a weakening dollar in the long term. Bitcoin (BTC) is a recommended hedge against fiat currency inflation along with gold, one of its well-known critics now says.In an appearance on Rosenberg Research’s webcast series on Nov. 2, Jeffrey Gundlach, CEO of investment management firm DoubleLine, produced rare praise for Bitcoin.Bitcoin vs. gold 1-year chart. Source: SkewGundlach tips Bitcoin and gold for fiat protectionGundlach, informally known as the “Bond King,” is no stranger to discussing Bitcoin, but had....
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Doubleline Capital’s CEO, the billionaire “bond king” Jeffrey Gundlach, has predicted that the stock market is going to “crack pretty hard.” While he is bearish on the stock market and long-term bonds, Gundlach says bitcoin and gold are good for hedging against inflation. Jeffrey Gundlach Discusses Stock Market Outlook, Gold and Bitcoin Billionaire fund manager Jeffrey Gundlach talked about bitcoin on the Rosenberg Research webinar earlier this week. He discussed the outcome of the U.S. presidential election and his investment strategies with economist David....
Doubleline Capital CEO Jeffrey Gundlach, also known as the “bond king,” says he would not be surprised at all if the price of bitcoin falls to $10K. “We’ve already seen around the edges some blowups in parts of the crypto world, and that could be foreshadowing some problems,” he explained.
‘Bond King’ Jeff Gundlach Discusses Bitcoin Falling to $10K
Billionaire investor Jeff Gundlach shared his bitcoin outlook in an interview with CNBC Wednesday.
Gundlach is the CEO of Doubleline Capital, which has over $137 billion in....
The argument for Bitcoin as an effective hedge for inflation has been a long one in the making and so far, the digital asset has not failed those who have a stake in it. Bitcoin’s returns over the past couple of years have been far greater than the rate of inflation, which currently sits at […]
One of bitcoin’s main selling points has been the fact that its return has often put it ahead of the inflation rate. Due to this, it has gained notoriety as the “digital gold” as a good portion of the community put forward that the digital asset is a better inflation hedge than any asset. However, […]
Bitcoin is working as a hedge against inflation despite its 2022 weak price performance, says Steven Lubka, managing director of private clients at Swan Bitcoin. While Bitcoin (BTC) has failed in countering this year's rampant global inflation, it should still be considered as an inflation hedge, says Steven Lubka, the managing director of private consumers at Swan Bitcoin. According to Lubka, Bitcoin works well as a hedge against rising prices when inflation is caused by monetary expansion. It is less effective when inflation is caused by the disruption of the food supply and energy,....