Bond King Jeffrey Gundlach sees bitcoin as a hedge against inflation Billionaire investor Jeffrey Gundlach believes that bitcoin can help protect capital from depreciation amid a weakening dollar in the long term. He made this statement in a conversation with Rosenberg Research on November 2.

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Bond King Jeffrey Gundlach sees bitcoin as a hedge against inflation Billionaire investor Jeffrey Gundlach believes that bitcoin can help protect capital from depreciation amid a weakening dollar in the long term. He made this statement in a conversation with Rosenberg Research on November 2.

Bond king Jeffrey Gundlach sees bitcoin as inflation hedge

Billionaire investor Jeffrey Gundlach believes Bitcoin can help protect capital from depreciation amid a weakening dollar in the long term. He made such a statement in a conversation with Rosenberg Research on November 2.

Nicknamed the "king of bonds," Gundlach has been negative about Bitcoin in the past. In an interview with Business Insider in October, he called the first cryptocurrency a "lie." “I don't believe in bitcoin. I think this is a lie. I think it's highly traceable. I don’t think he’s anonymous, ”Gundlach said, adding that he did not consider himself a“ hater ”of the cryptocurrency.

He confirmed the latest statement on Monday, listing Bitcoin and gold as possible inflation hedges..

In January, Gundlach admitted that Bitcoin could rise to $ 15,000 in 2020. “It looks like the time has come for the dollar to weaken,” he explained then his position. "I think Bitcoin will rise significantly higher in the short term.".

At the same time, the investor does not believe in overly optimistic forecasts, for example, $ 1 million per bitcoin. “People try to find fame based on how high a forecast they can give,” he said in December 2017.

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