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7197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/7882.html
相关文章
As Shiba Inu, Dogecoin stalls, is Shiba Memu the next big thing?
Gundlach admits Bitcoin beats gold as stimulus assetShiba InuandDogecoin, which revolutionized the meme coin industry, have stalled this year and underp...
阅读更多
Mastercard's successful CBDC wrapping trial for NFTs
Gundlach admits Bitcoin beats gold as stimulus assetThe trial involved wrapping CBDCs for use in purchasing NFTs on blockchains.Mastercard’s Multi...
阅读更多
Investors diversifying holdings with Solana, Chainlink and Everlodge: which has most potential?
Gundlach admits Bitcoin beats gold as stimulus assetSolana can reach a maximum value of $45Chainlink to rise in value to $14.23Everlodge can spike 50x b...
阅读更多
热门文章
- Russia Lifts Ban on Crypto Mining in Abkhazia
- Spain rocket launch could be turning point for European spaceflight
- Norwegian Government Pension Fund Holds Almost 600 BTC
- This inventor aims to make mind
- New York AG’s Office Almost Losing Patience With The Constant Delays by Bitfinex and Tether
- Aeralis sets new standard with transonic modular jet
最新文章
New AI algorithm promises defense against cyberattacks on robots
How pressure improves battery materials in ball milling
Quantum simulator helps to unlock a major science mystery
Coal: A renewable resource? Unlocking hydrogen storage possibilities
Circle invests in Layer 1 blockchain Sei to unlock USDC use cases
Polkadot (DOT) surges 8% with staking dashboard upgrade