25 percent easy. "The king of bonds," predicts sharp jump in Bitcoin
Source:
The CEO of the company DoubleLine Capital, which manages assets worth more than $ 200 billion, has prepared advice to the speculators. Jeffrey Gundlach believes that the rate can rapidly increase to 5 thousand dollars. According to CNBC, a veteran of wall Street, which for its experience in investing has earned the nickname «king bonds», made the statement during a webcast from Just Markets.
theUsually I do not give any recommendations on Bitcoin, honestly. But if you really want to speculate on it, I think that would leap to 5 thousand. We are talking about easy money in 25 percent.
the calm before the storm?
According to the CCN, Gundlach did not dare to give any time forecasts and the price of BTC, meanwhile, has fallen to 10 percent. Today, the coin is trading at $ 3690. The daily subsidence of the equivalent of 3.5 percent.
Chart of Bitcoin prices. Source: TradingView
Speaking of other asset classes, the investor expects significant volatility in 2019. According to him, because of the intensity of the situation with the fed stock will experience serious shocks, yielding at the yield of the bonds. Gundlach has also advised investors to get rid of junk bonds, as the expected significant increase in corporate and government debt.
Lock the profit with junk bonds. They already played you. Get rid of. To survive the turmoil of 2019, you should pay attention to more stable assets.
We have seen many different forecasts for the current year. However, assumptions «king bonds» in the case of Bitcoin remarkable though how accurate were his predictions in 2018. He at least predicted on the U.S. stock market in which the S&P 500 has fallen seriously.
The More data you look at . The current rate of coins can be found in our classroom .
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