Billionaire investor and “Bond King” Jeff Gundlach said inflation of today reminds him of the 1970’s, warned that the dollar may be doomed in the long term, and said that bitcoin’s chart looks “scary” in a Thursday CNBC interview.
Here are the DoubleLine Capital founder’s 10 best quotes.
1. “The chart on bitcoin looks pretty scary….I have a feeling you’re going to be able to buy it below 23,000 again. Bitcoin has really lost its steam.”
2. “I think it’s only a trading vehicle. I’ve never been long bitcoin personally. I’ve never been short Bitcoin. It’s just not for me. I don’t have that kind of risk tolerance in my DNA where I have to get worried to pull up the quote every day to see if it’s down 20%. But I would not own Bitcoin presently. I think you had an opportunity to buy it at a cheaper level.”
3. “I don’t want to be overly dramatic, but I think the dollar-I will use the word…