An Easy 25 Percent: ‘Bond King’ Jeffrey Gundlach Predicts Bitcoin Price Gains

Jeffrey Gundlach, the CEO of DoubleLine Capital who manages over US$200 billion in assets, has a tip for speculators – bitcoin price could rise to $5,000. According to CNBC, the Wall Street veteran who has earned the nickname “Bond King” for his expertise in bond investing, made the call in a webcast titled ‘Just Markets’: I don’t recommend anything with bitcoin, really … but if you really want to speculate, I think it could make it to $5,000. Talk about an easy 25 percent. Dip Before a Surge? While Gundlach did not offer a timeline on when this would materialize, bitcoin price has already fallen by more than 7% since it hit a monthly high of around US$4,200 on January 8. Currently, the cryptocurrency is trading below US$3,800 having already tested a low of US$3,776 (Bitstamp). Bitcoin price chart from TradingView For the other asset classes, Gundlach stated that volatility…

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