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02 March 2021

Gold Bull Jeffrey Gundlach Says 'BTC Maybe the Stimulus Asset' Ahead of the Precious Metal – Economics Bitcoin News

Gold Bull Jeffrey Gundlach Says 'BTC Maybe the Stimulus Asset' Ahead of the Precious Metal – Economics Bitcoin News


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Gold Bull Jeffrey Gundlach Says 'BTC Maybe the Stimulus Asset' Ahead of the Precious Metal – Economics Bitcoin News.

Renowned gold bull and CEO of investment management firm Doubleline, Jeffrey Gundlach says bitcoin may be the “stimulus asset” while adding it “doesn’t look like gold is.” Gundlach, a self-professed long-term dollar bear, had preceded his comments about bitcoin by remarking that “lots of liquid poured into a funnel creates a torrent.”.

In the same tweet, Gundlach suggests that he came to the conclusion after staying “neutral (on both gold and the dollar) for the past six months.” In the past six months, the two stores of value have had contrasting fortunes with BTC appearing to win the battle for supremacy.

The gold bug, who has previously praised Gundlach, has already attacked Tesla for choosing BTC ahead of gold.

Similarly, other supporters of gold on Twitter expressed their disappointment with Gundlach’s apparent pivot to the crypto asset.

Still, some users like Harry expressed support Gundlach saying:?

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