您现在的位置是:Gundlach admits Bitcoin beats gold as stimulus asset >>正文
Gundlach admits Bitcoin beats gold as stimulus asset
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛1843人已围观
简介Renowned gold advocate Jeffrey Gundlach has switched lanes to the Bitcoin side after having a change...
Renowned gold advocate Jeffrey Gundlach has switched lanes to the Bitcoin side after having a change of heart
Gundlach, CEO of Los Angeles-based investment firm DoubleLine Capital, had previously stated he didn’t believe in crypto. Based on his latest tweet, however, it appears that the investment guru has changed his tune. Gundlach made a comparison between gold and Bitcoin, noting that the latter may be a better investment.
The gold bull now thinks of Bitcoin as ‘the Stimulus Asset’ and regards it as superior to the haven yellow metal. Gundlach has never been shy to declare he prefers physical investment over non-tangible like Bitcoin and the US dollar. The DoubleLine CEO previously dismissed the digital asset calling it a ‘bubble’ at the beginning of the year.
Speaking on CNBC’s Halftime Report in January, he said, “I don’t like bitcoin here. I don’t like things that are up on a stilt like that. Bitcoin, to me, is now sort of in bubble territory in terms of the way it’s been acting.”
He advised investors to avoid the crypto asset explaining that it could get overheated amid its rally back then. Yesterday, Gundlach made a U-turn on his stance through a tweet.
“I am a long term dollar bear and gold bull but have been neutral on both for over six months. Lots of liquid poured into a funnel creates a torrent. Bitcoin may be The Stimulus Asset. Doesn’t look like gold is.”
Gundlach didn’t explain the reason behind his decision to back the crypto asset over gold. Crypto users interacting with the post believe the recent Bitcoin rally could have inspired the turnaround. Bitcoin has made headlines this week after posting yet another all-time high around $52.6k.
The leading crypto started the year on a high note and has, lately, seen massive cash inflow from institutions looking to hedge the asset against inflation. Prior to Bitcoin rising to its current status, investors considered gold a better option in hedge against inflation. The tables have turned as Bitcoin has outdone the physical asset in the last ten months.
The crypto coin took a beating in March last year, plummeting to around $4,000. However, it managed to bounce back before the year came to an end, going on an epic rally that saw it set a record high at the start of the year. Bitcoin is currently trading at $51,141.10.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/73718.html
相关文章
Ethereum surges
Gundlach admits Bitcoin beats gold as stimulus assetThe never-ending battle of Ethereum against the psychologically-important $3K barrier continues. The...
阅读更多
Japan's FSA orders crypto exchanges to adhere to the imposed sanctions
Gundlach admits Bitcoin beats gold as stimulus assetOn Monday Japan’s Financial Services Agency (FSA) together with the Ministry of Finance ordere...
阅读更多
Raoul Pal observes similarities in Amazon's historical price and Bitcoin performance
Gundlach admits Bitcoin beats gold as stimulus assetRaoul Pal also suggested that Bitcoin is grossly undervalued and should ideally be around $100,000Fo...
阅读更多
热门文章
- Atari Launching Its Crypto Token In November
- Near Protocol partners with crypto custodian BitGo
- BNB/USD hits $32.00 after strong rally driven by DeFi
- The top 3 Yield Farming tokens worth buying on January 3: AAVE, CAKE, and CRV
- Crypto M&A In 2020 On Track To Hit $1.9 Billion
- Shiba trading volume down 40%: here’s where to buy Shiba Inu
最新文章
Waves price has rebounded but it is a risky crypto to buy
Aave V3 is live, with expansion to 6 blockchains including Polygon and Avalanche
NEAR is up 7% this week: Top places to buy NEAR
Bitcoin price jumps above $42K
Chelsea Manning is skeptical about the economic aspect of blockchain
Crypto exchange Bybit eyes further growth with new partnership