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27 July 2021

Billionaire Fund Manager Jeffrey Gundlach Convinced Bitcoin Will Fall Below $23K, US Dollar Is 'Doomed' – Markets and Prices Bitcoin News

Billionaire Fund Manager Jeffrey Gundlach Convinced Bitcoin Will Fall Below $23K, US Dollar Is 'Doomed' – Markets and Prices Bitcoin News


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Billionaire Fund Manager Jeffrey Gundlach Convinced Bitcoin Will Fall Below $23K, US Dollar Is 'Doomed' – Markets and Prices Bitcoin News.

Doubleline Capital CEO Jeffrey Gundlach, also known as the “Bond King,” has predicted that the price of bitcoin will fall below the $23K level.

“Right now, the chart on bitcoin looks pretty scary,” he said, adding that “it looks like a massive head-and-shoulders top.”.

Moreover, the billionaire fund manager said that “The dollar has been moderately firmer in the last several weeks, and that will continue,” elaborating:.

Gundlach said in November last year that bitcoin and gold were good as hedges against inflation.

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