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Billionaire Jeffrey Gundlach Once A Skeptic Now Advising to Own Bitcoin

By cryptocrunchapp.com on November 3, 2020


Hedge fund manager and CEO of DoubleLine Capital LP, Jeffrey Gundlach admitted that he views Bitcoin as a good inflation hedge. Gundlach is convinced that both Bitcoin and gold are capable of protecting investors against inflation. The two assets share a lot of similarities and are generally viewed as safe haven bets, which is why they are often lumped together. Nevertheless, Gundlach dismissed Bitcoin as “a lie” in his October interview with Business Insider.

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