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.
Jeffrey Gundlach on Fed Rate Hikes, U.S. Economy, and When to Buy Crypto
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. Headquartered in Tampa, Florida, Doubleline has over $107 billion in assets under management (AUM) as of June 30.
In an interview with CNBC on the sidelines of the Future Proof conference Tuesday, the billionaire explained that it is too early to jump on the crypto bandwagon as the Federal Reserve is likely to raise more interest rates.
Commenting on whether it is a good time to buy cryptocurrency under the current market conditions, Gundlach opined:
I’d certainly not...
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