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[Yusra31]

In an interview with CNBC on Thursday billionaire fund manager Jeff Gundlach discussed his prediction for bitcoin and the US currency.
Gundlach is the CEO of Doubleline Capital, which as of March 31 has more than 135$ billion in assets under management (AUM). After appearing on the cover of Barron's in 2011 as "The New Bond King," he became known as the "Bond King." He was selected "Money Manager of the Year" by Institutional Investor in 2013, and one of "The Fifty Most Influential" by Bloomberg Markets in 2012, 2015, and 2016. Gundlach has a net worth of $2.2 billion, according to Forbes.

Right now, the bitcoin chart looks pretty scary," he remarked. It's come down in price from $60,000 to roughly $31,500, and it's a huge head-and-shoulders top." According to data from Bitcoin.com Markets, the price of BTC was $31,616 at the time of writing.

 

[Wisdom01]

The market is looking scary and there is a force still trying to take the price back to $28k, despite the rate at which people are holding the coin more , really hope it bounce back

 

[CyberPreNurse]

I do not agree with him that BTC is going down to below $23k as that would be almost impossible considering the potentials that BTC has already and the high number of Crypto investors interested in it.

 

[BullyMaguire]

Whatever the price or how much it goes down.. it's just another reason to buy more.. and grow my holdings and patiently wait.

 

[Josemendez]

Unfortunately for him bitcoin stayed above $29k price value during the dip and will barely return to it anytime soon. This is one of the advantage of it being a strong project

 

[Brain]

I do not agree with him that BTC is going down to below $23k as that would be almost impossible considering the potentials that BTC has already and the high number of Crypto investors interested in it.

WEll you are right here we are nearing the end of the year and btc didn't fall this bad so the prediction wasn't accurate afterall. I see it even going higher more

 

[Balint098]

I kinda agree that in the coming days US dollar will experience a downturn. Heck, it's already happening since now people there experience uncontrolled inflation. BTC will still rise though.