Billionaire Jeffrey Gundlach, aka the Bond King, has shared his view on when to buy cryptocurrency. “You need a true Fed pivot,” he stressed. Gundlach also warned about the increasing risk of deflation, noting that it’s time to be bearish on the stock market.The founder and chief executive of investment management firm Doubleline, Jeffrey Gundlach, shared his outlook on the U.S. economy, stock and bond markets, and when to buy crypto this week.
Commenting on whether it is a good time to buy cryptocurrency under the current market conditions, Gundlach opined:Gundlach is sometimes known as the Bond King after he appeared on the cover of Barron’s in 2011 as “The New Bond King.” Institutional Investor named him “Money Manager of the Year” in 2013 and Bloomberg Markets ranked him one of “The Fifty Most Influential” in 2012, 2015, and 2016. He was inducted into the FIASI Fixed Income Hall of Fame in 2017. His net worth is currently about 2.
The Doubleline CEO also cautioned about the increasing risk of deflation, seeing it as the key threat to the U.S. economy and markets. He explained that it is time for investors to become more bearish on U.S. stocks, noting that the S&P 500 could fall 20% by mid-October.
I think that now is a very good time to spend usdt to buy bitcoin and other promising projects
Jeffrey Gundlach your reasons is exactly why everybody should buy bitcoin now...now not when you feel like is the time... nobody knows the right time to invest
I agree completely. My forecast is for a cyclical low of 12k (give or take 2k) as the Fed continues to tighten. I'm buying when they stop tightening at a point where most people are scared to death and in a state of panic selling.
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These guys dont become billionaires by sharing their true investment opion. Much like Olearys nothing burger while holding bitcoin while bashing bitcoin
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