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BTC $41545.70 (-4.5%)
ETH $2832.87 (-7.6%)
USDT $1.00 (0.00%)
BCH $497.91 (-6.8%)
BSV $132.68 (-7.5%)
LTC $146.21 (-7.3%)
BNB $342.48 (-7.6%)
ADA $2.20 (0.67%)
DOGE $0.20 (-6.9%)

Famous Gold Investor Thinks BTC Looks Like a Better Investment

Famous Gold Investor Thinks BTC Looks Like a Better Investment
  • Gold bull Jeffrey Gundlach says Bitcoin is the “Stimulus Asset”
  • He also noted that he’s neutral on both dollar and gold for six months

Jeffrey Gundlach, the CEO of DoubleLine Capital and a popular gold supporter has commented on Bitcoin (BTC), saying that the digital asset may be a better choice than gold.

Despite being an avid trader on both the dollar and gold, he thinks that there’s more potential in Bitcoin.

In the past, Gundlach called Bitcoin a bubble. “Bitcoin, to me, is now sort of in bubble territory in terms of the way it’s been acting,” he said in an article published on CNBC.

However, he might have recently had a change of heart because of the change in market conditions.

Recently, a lot of institutional money got poured into Bitcoin. It’s not a secret that Tesla bought $1.5 billion dollars worth of Bitcoin, while another big company Microstrategy bought $600 million worth of BTC.

It seems that German companies and Mexican companies are also on the way to buying bitcoin and adopting the crypto.

With the recent changes, lots of companies are having a change of heart in their opinion of cryptocurrencies.

Joseph Joestar is a CoinQuora contributor. He works in various blockchain marketing content projects, specializing in written content such as technical whitepapers, press releases, and articles.