Market Cap: $1,975,203,902,777
24h Vol: $64,901,144,366
Cryptocurrencies: 22845
Markets: 83121
Cryptocurrencies: 22845
Markets: 83121
Market Cap: $1,975,203,902,777     
24h Vol: $64,901,144,366
Seeking Alpha 2021-02-18 20:54:45

Bond investor Gundlach turns bullish on Bitcoin, goes neutral on the dollar

Bond investor Gundlach turns bullish on Bitcoin, goes neutral on the dollar
Bond king Jeff Gundlach changes his tune to become bullish on Bitcoin (BTC-USD), saying it's "maybe The Stimulus Asset.""Doesn't look like gold is," he added, saying he's turned neutral on the metal from gold bull.He's also become neutral on the U.S. dollar, and says he has been for more than six months. But on his "Just Markets" webcast in January 2021, he said he was short-term bearish on the dollar.Back in January, Gundlach had said he was neutral on both Bitcoin and gold; he had stepped aside on the crypto when it hit $23K.Bitcoin, up more than four-fold in the past six months, is trading at ~$52K, slightly off its high of $52.47K.The crypto has been gaining more more attention by more mainstream investors. BlackRock fixed income chief Rick Rieder said on Wednesday that the firm has "started to dabble" in the digital asset. And Morgan Stanley is reported to
esptco-banner img
Latest News

Videos

  • What are Blockchain Forks? Hard Fork Vs Soft Fork!

  • Spot Trading vs P2P Trading!

  • How to buy Bitcoin (BTC) from Binance?

  • What is Bitcoin (BTC) & How it Works? Simply Explained!

Our Partners

Hashing Ad Space
Inbound Junction
Magic Logix
Asimi
Crypto Marketing Agency, FINPR
Chainwire