Billionaire Jeffrey Gundlach has shared his views on deflation and when to buy cryptocurrency. 'You need a true Fed pivot,' he stressed. crypto bitcoin
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.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Solar-Powered Crypto Farm in Australia to Prove Bitcoin Mining Can Be Green – Mining Bitcoin NewsA crypto mining data center in the state of South Australia will be running mainly on solar-generated electricity, a media report reveals.
Read more »
What the Biden administration might do to keep crypto mining from derailing climate goalsThere’s a new national analysis of the risks posed by crypto mining.
Read more »
Joe Biden Just Sent A Stark Warning To Bitcoin And Crypto After $2 Trillion Price CrashThe Biden administration has instructed U.S. government agencies to double down on bitcoin and crypto enforcement—potentially putting the $1 trillion market on a collision course with regulators...
Read more »
CoinDesk: Bitcoin, Ethereum, Crypto News and Price DataStocks may be heading to new lows, as they track closely to the 2008 bear market slide. Meanwhile, a closer look at the crypto markets shows $BTC is outperforming $ETH post EthereumMerge, behaving as a steadier asset. Presented by cryptocom:
Read more »