Billionaire Investor Jeffrey Gundlach Prefers Bitcoin to Gold in the Short Run: Details - BitcoinEthereumNews.com
टोमीवाबॉल्ड ओलाजाइड Billionaire investor Jeffrey Gundlach says he prefers Bitcoin over gold in the short term Billionaire investor and Doubleline Capital CEO, Jeffery Gundlach, says he would buy Bitcoin over gold in the near term as the lead asset trades near the low end of its range. Bitcoin rose to highs of $41,717 on March 16 as investors were seemingly बेफिक्र by the Feds anouncement of a rate hike. The Federal Reserve decided to raise interest rates for the first time since 2018, taking cues from the Bank of England by hiking rates by 25 basis points in line with market expectations. Reacting to this, Gundlach said the Feds Wednesday anouncement of an interest rate hike is merely them “following” the two-year Treasury, adding that they were “way behind.” The Doubleline Capital CEO added, “Stocks are oversold and will go higher in the immediate term but will roll over once a couple more rate hikes are in place.” Given the rising correlation between Bitcoin and stocks, this might be positive for crypto in the near term. Bitcoin is often compared to gold, with proponents arguing it is a hedge against inflation and an alternative investment strategy during periods of crisis. For instance, Billionaire investor and cryptocurrency mogul