Jeffrey Gundlach, the CEO of DoubleLine Capital, makes BTC Prediction
6/16/2022, 08:05 PM
Jeffrey Gundlach, the founder of DoubleLine Capital LP, has spoken out about the current condition of the cryptocurrency market. He said that it is "clearly not positive".
Gundlach believes that bitcoin's price could plunge to $10,000. In January 2021, he warned that BTC could represent a massive bubble because of its significant price swings. However, in the following months, the cryptocurrency overcame its issues and headed north once again.
This led to a change of heart to Gundlach, who classified BTC as a "stimulus asset" and a better investment instrument than gold
Gundlach believes that bitcoin's price could plunge to $10,000. In January 2021, he warned that BTC could represent a massive bubble because of its significant price swings. However, in the following months, the cryptocurrency overcame its issues and headed north once again.
This led to a change of heart to Gundlach, who classified BTC as a "stimulus asset" and a better investment instrument than gold