Bitcoin is only for momentum investors

Time:2022-01-14 Source: 782 views Trending Copy share

"I don't think a lot of Fed officials, economists, and investors appreciate the fact that the economy is going backwards with lower and lower interest rates, so I don't think a lot of Fed officials, economists, and investors appreciate the fact that the economy keeps going backwards with lower and lower interest rates," DoubleLine Capital CEO Jeffrey Gundlach, the "bond king," said in an interview. Think the Fed only has to raise rates four times and you'll start seeing plenty of recession signals.

Regarding Bitcoin, Gundlach emphasized that at the moment, I would advise against buying Bitcoin, maybe you should buy it at $25,000.

Bonds fit my investing culture, I'm not a momentum investor, in fact I'm a reactionary investor, I think Bitcoin is only for momentum investors.

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