CEO of $141 Billion Investment Firm Says Bitcoin May Be "The Stimulus Asset"

Jeffrey Gundlach, CEO of $141 billion investment firm DoubleLine Capital LP, has stated that Bitcoin may be a better bet than gold when it comes to stimulus spending.

Institutions Warming Up To Bitcoin

Gundlach stated that he is bullish on gold and bearish on dollar long term. However, he has maintained a neutral stance on both for the past six months.

The CEO stated that gold may lose out to BTC when it comes to stimulus, referring to the influx of liquidity due to the ongoing pandemic.



















BTC has caught the eye of many institutional investors in recent times. The leading cryptocurrency recently crossed the $50,000 mark. Currently, Bitcoin is trading for $52,014.57.

Meanwhile, gold broke its $1,800 support and was trading for $1,779.94 at press time.

DoubleLine is a Los Angeles-based investment management firm with over $141 billion AUM.









Earlier this month, it was revealed that Tesla had invested $1.5 billion into Bitcoin in the month of January, and MicroStrategy announced their plans to raise capital to buy Bitcoin this month.

Most recently, New York Digital Investment Group submitted their application to the SEC for a Bitcoin ETF.

The author didn’t hold crypto mentioned in this article at the time of press

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Source: Read Full Article