Jeffrey Gundlach Says Bitcoin May Be a Better Bet Than Gold

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Jeffrey Gundlach Says Bitcoin May Be a Better Bet Than Gold

Bloomberg2021-02-18

(Bloomberg) -- DoubleLine Capital LP chief and long-time gold bull Jeffrey Gundlach has changed his mind on the metal and considers Bitcoin a better trade. Gundlach tweeted he’d been a long-term gold ...

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SimonChan
·2021-02-21
I think BTC will still go higher in shorterm. Many are FOMO now.....
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Yobo
·2021-02-19
Matter of bubble bursting
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- JT1806:
  Going up too fast.
  2021-02-19
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Bitcoin may well be “the stimulus asset,” he said, a reference to the cryptocurrency’s rally amid a wave of cash pumped into the financial system during the pandemic.\nGundlach’s comments are another sign the investment case for Bitcoin is winning over institutional money managers and possibly siphoning cash from the gold market. Historically, traders have turned to the precious metal as a way to play rising inflation expectations. But over the past year, it has been range-bound and gold exchange-traded funds have seen outflows.\nBitcoin, however, has captivated investors from billionaire Elon Musk to hedge fund moguls including Alan Howard and Paul Tudor Jones. Prices have quadrupled over the past year and shot through $52,000 this week. The digital token slipped 2% on Thursday to trade around $51,317.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":387305736,"gmtCreate":1613717634625,"gmtModify":1704884020063,"author":{"id":"3559652994733309","authorId":"3559652994733309","name":"Yobo","avatar":"https://static.tigerbbs.com/5ac7b086df34a13e3382968c5e112973","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3559652994733309","authorIdStr":"3559652994733309"},"htmlText":"Matter of bubble bursting&nbsp;","listText":"Matter of bubble bursting&nbsp;","text":"Matter of bubble bursting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/387305736","repostId":2112860999,"repostType":4,"repost":{"id":"2112860999","kind":"news","pubTimestamp":1613649248,"share":"https://ttm.financial/m/news/2112860999?lang=&edition=fundamental","pubTime":"2021-02-18 19:54","market":"us","language":"en","title":"Jeffrey Gundlach Says Bitcoin May Be a Better Bet Than Gold","url":"https://stock-news.laohu8.com/highlight/detail?id=2112860999","media":"Bloomberg","summary":"(Bloomberg) -- DoubleLine Capital LP chief and long-time gold bull Jeffrey Gundlach has changed his ","content":"<p>(Bloomberg) -- DoubleLine Capital LP chief and long-time gold bull Jeffrey Gundlach has changed his mind on the metal and considers Bitcoin a better trade.</p>\n<p>Gundlach tweeted he’d been a long-term gold bull and U.S. dollar bear, but has turned neutral on both. 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The digital token slipped 2% on Thursday to trade around $51,317.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Jeffrey Gundlach Says Bitcoin May Be a Better Bet Than Gold</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJeffrey Gundlach Says Bitcoin May Be a Better Bet Than Gold\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-18 19:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/jeffrey-gundlach-says-bitcoin-may-115408513.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- DoubleLine Capital LP chief and long-time gold bull Jeffrey Gundlach has changed his mind on the metal and considers Bitcoin a better trade.\nGundlach tweeted he’d been a long-term gold ...</p>\n\n<a href=\"https://finance.yahoo.com/news/jeffrey-gundlach-says-bitcoin-may-115408513.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e8f239e3141040c166c4354f33fe7278","relate_stocks":{"QNETCN":"纳斯达克中美互联网老虎指数","TWTR":"Twitter"},"source_url":"https://finance.yahoo.com/news/jeffrey-gundlach-says-bitcoin-may-115408513.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2112860999","content_text":"(Bloomberg) -- DoubleLine Capital LP chief and long-time gold bull Jeffrey Gundlach has changed his mind on the metal and considers Bitcoin a better trade.\nGundlach tweeted he’d been a long-term gold bull and U.S. dollar bear, but has turned neutral on both. Bitcoin may well be “the stimulus asset,” he said, a reference to the cryptocurrency’s rally amid a wave of cash pumped into the financial system during the pandemic.\nGundlach’s comments are another sign the investment case for Bitcoin is winning over institutional money managers and possibly siphoning cash from the gold market. Historically, traders have turned to the precious metal as a way to play rising inflation expectations. But over the past year, it has been range-bound and gold exchange-traded funds have seen outflows.\nBitcoin, however, has captivated investors from billionaire Elon Musk to hedge fund moguls including Alan Howard and Paul Tudor Jones. Prices have quadrupled over the past year and shot through $52,000 this week. The digital token slipped 2% on Thursday to trade around $51,317.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3608283,"gmtCreate":1613718345578,"gmtModify":1680777504087,"authorId":3561012683384816,"author":{"id":3561012683384816,"idStr":"3561012683384816","authorId":3561012683384816,"name":"JT1806","avatar":"https://static.tigerbbs.com/9bbc12eb20800177183b090fa698c5e7","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":387305736,"type":1,"supId":0,"prevId":0,"content":"Going up too fast.","text":"Going up too fast.","html":"Going up too fast."}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":4,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}