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31 July 2021

Jeff Gundlach: BTC Is Not Recovering Anytime Soon | Live Bitcoin News

Jeff Gundlach: BTC Is Not Recovering Anytime Soon | Live Bitcoin News


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Just yesterday, Live Bitcoin News put out an article discussing all the analysts out there who seem to think that bitcoin is getting ready for a big comeback and that the currency could potentially overtake USD at some point.

In a recent interview, Gundlach says that bitcoin is likely to fall another 27 percent, thereby making 2021 the new 2018 in official terms, while he also thinks that fiat currencies such as the U.S.

Discussing a recent bitcoin chart that he came across, Gundlach warned things are not looking good for the world’s number one digital currency by market cap.

However, during the time of the coronavirus pandemic, bitcoin has been viewed as a currency that could possibly make one’s wealth stable during times of economic strife.

I have never been long on bitcoin, personally.

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