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Bitcoin at a six-month low, should you buy?
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Why Jeffrey Gundlach Thinks the Dollar Is Doomed | Chief Investment Officer
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Der Anleihekönig spricht: Gold kann viel höher steigen
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Bond King Jeff Gundlach says cryptocurrencies are the poster child for speculative fever in markets - but adds that bitcoin s sell-off may signal frothiness is drying up egraffeo@businessinsider.com (Emily Graffeo) © REUTERS/Eduardo Munoz REUTERS/Eduardo Munoz
Jeff Gundlach told Yahoo Finance that crypto is the poster child for the speculative fever in markets.
The DoubleLine Capital founder and CEO added that bitcoin s recent sell-off may signal that some market frothiness is dissipating.
The so-called Bond King was bullish on bitcoin in 2020, but now says the price is too high.
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The founder and CEO of $135 billion DoubleLine Capital said cryptocurrencies have become objects of speculation, fueled in part with government stimulus money.