• bitcoinBitcoin(BTC)$29,413.000.450%
    BITCOIN
    24H : 0.450%
    Volume : $12,859,319,782.00
    Marketcap : $560,203,113,979.00
  • ethereumEthereum(ETH)$1,976.940.390%
    ETHEREUM
    24H : 0.390%
    Volume : $6,877,331,528.00
    Marketcap : $239,063,667,505.00
  • tetherTether(USDT)$1.000.090%
    TETHER
    24H : 0.090%
    Volume : $28,152,164,406.00
    Marketcap : $73,367,999,969.00
  • usd-coinUSD Coin(USDC)$1.000.090%
    USD COIN
    24H : 0.090%
    Volume : $2,748,913,761.00
    Marketcap : $53,143,416,349.00
  • rippleXRP(XRP)$0.4140.400%
    XRP
    24H : 0.400%
    Volume : $1,296,334,183.00
    Marketcap : $19,992,310,198.00
  • cardanoCardano(ADA)$0.5280.930%
    CARDANO
    24H : 0.930%
    Volume : $345,126,061.00
    Marketcap : $17,826,610,630.00
  • dogecoinDogecoin(DOGE)$0.0851.12%
    DOGECOIN
    24H : 1.12%
    Volume : $256,622,631.00
    Marketcap : $11,307,852,562.00
  • tronTRON(TRX)$0.0743.70%
    TRON
    24H : 3.70%
    Volume : $681,954,585.00
    Marketcap : $7,182,896,431.00
  • daiDai(DAI)$1.000.030%
    DAI
    24H : 0.030%
    Volume : $336,962,817.00
    Marketcap : $6,125,824,317.00
  • litecoinLitecoin(LTC)$69.910.340%
    LITECOIN
    24H : 0.340%
    Volume : $324,343,652.00
    Marketcap : $4,917,290,777.00
  • crypto-com-chainCronos(CRO)$0.1891.46%
    CRONOS
    24H : 1.46%
    Volume : $20,635,771.00
    Marketcap : $4,775,355,856.00
  • leo-tokenLEO Token(LEO)$4.911.10%
    LEO TOKEN
    24H : 1.10%
    Volume : $2,466,214.00
    Marketcap : $4,589,010,383.00
  • bitcoin-cashBitcoin Cash(BCH)$192.410.500%
    BITCOIN CASH
    24H : 0.500%
    Volume : $725,372,030.00
    Marketcap : $3,671,610,606.00
  • chainlinkChainlink(LINK)$7.030.870%
    CHAINLINK
    24H : 0.870%
    Volume : $199,206,223.00
    Marketcap : $3,286,500,889.00
  • stellarStellar(XLM)$0.1323.28%
    STELLAR
    24H : 3.28%
    Volume : $134,053,339.00
    Marketcap : $3,276,683,771.00
  • cosmosCosmos Hub(ATOM)$11.03-1.70%
    COSMOS HUB
    24H : -1.70%
    Volume : $223,822,316.00
    Marketcap : $3,225,521,388.00
  • moneroMonero(XMR)$176.141.27%
    MONERO
    24H : 1.27%
    Volume : $125,109,243.00
    Marketcap : $3,196,625,287.00
  • okbOKB(OKB)$12.260.540%
    OKB
    24H : 0.540%
    Volume : $6,596,921.00
    Marketcap : $3,194,857,367.00
  • algorandAlgorand(ALGO)$0.431-1.12%
    ALGORAND
    24H : -1.12%
    Volume : $92,182,451.00
    Marketcap : $2,939,787,756.00
  • ethereum-classicEthereum Classic(ETC)$20.370.270%
    ETHEREUM CLASSIC
    24H : 0.270%
    Volume : $122,724,749.00
    Marketcap : $2,750,309,687.00
  • vechainVeChain(VET)$0.0311.72%
    VECHAIN
    24H : 1.72%
    Volume : $130,810,556.00
    Marketcap : $2,067,304,564.00
  • tezosTezos(XTZ)$1.822.98%
    TEZOS
    24H : 2.98%
    Volume : $70,705,306.00
    Marketcap : $1,617,276,421.00
  • eosEOS(EOS)$1.301.93%
    EOS
    24H : 1.93%
    Volume : $197,629,074.00
    Marketcap : $1,303,273,626.00
  • zcashZcash(ZEC)$103.58-1.22%
    ZCASH
    24H : -1.22%
    Volume : $126,924,469.00
    Marketcap : $1,291,495,017.00
  • makerMaker(MKR)$1,392.820.770%
    MAKER
    24H : 0.770%
    Volume : $64,810,295.00
    Marketcap : $1,255,880,883.00
  • theta-tokenTheta Network(THETA)$1.252.05%
    THETA NETWORK
    24H : 2.05%
    Volume : $59,427,521.00
    Marketcap : $1,251,635,527.00
  • huobi-tokenHuobi Token(HT)$7.010.280%
    HUOBI TOKEN
    24H : 0.280%
    Volume : $30,228,320.00
    Marketcap : $1,085,421,199.00
  • paxos-standardPax Dollar(USDP)$1.000.060%
    PAX DOLLAR
    24H : 0.060%
    Volume : $4,110,737.00
    Marketcap : $945,882,576.00
  • iotaIOTA(MIOTA)$0.3352.59%
    IOTA
    24H : 2.59%
    Volume : $29,400,725.00
    Marketcap : $931,209,500.00
  • dashDash(DASH)$57.360.690%
    DASH
    24H : 0.690%
    Volume : $85,014,948.00
    Marketcap : $615,692,286.00
  • basic-attention-tokenBasic Attention Token(BAT)$0.3901.14%
    BASIC ATTENTION TOKEN
    24H : 1.14%
    Volume : $54,171,415.00
    Marketcap : $585,593,222.00
  • wavesWaves(WAVES)$5.851.95%
    WAVES
    24H : 1.95%
    Volume : $132,674,945.00
    Marketcap : $584,420,422.00
  • decredDecred(DCR)$37.19-1.26%
    DECRED
    24H : -1.26%
    Volume : $1,122,721.00
    Marketcap : $522,002,983.00
  • nemNEM(XEM)$0.0541.45%
    NEM
    24H : 1.45%
    Volume : $7,555,299.00
    Marketcap : $487,007,875.00
  • qtumQtum(QTUM)$3.930.810%
    QTUM
    24H : 0.810%
    Volume : $49,204,188.00
    Marketcap : $410,044,101.00
  • 0x0x(ZRX)$0.433-1.81%
    0X
    24H : -1.81%
    Volume : $53,666,375.00
    Marketcap : $369,371,253.00
  • omisegoOMG Network(OMG)$2.513.36%
    OMG NETWORK
    24H : 3.36%
    Volume : $58,188,380.00
    Marketcap : $352,664,370.00
  • bitcoin-goldBitcoin Gold(BTG)$18.70-0.58%
    BITCOIN GOLD
    24H : -0.58%
    Volume : $2,742,256.00
    Marketcap : $328,112,899.00
  • ravencoinRavencoin(RVN)$0.030-0.36%
    RAVENCOIN
    24H : -0.36%
    Volume : $8,689,047.00
    Marketcap : $311,446,187.00
  • iconICON(ICX)$0.3775.90%
    ICON
    24H : 5.90%
    Volume : $9,761,518.00
    Marketcap : $291,917,897.00
  • ontologyOntology(ONT)$0.2742.23%
    ONTOLOGY
    24H : 2.23%
    Volume : $15,831,167.00
    Marketcap : $240,178,420.00
  • liskLisk(LSK)$1.184.05%
    LISK
    24H : 4.05%
    Volume : $1,882,232.00
    Marketcap : $171,586,493.00
  • augurAugur(REP)$7.242.87%
    AUGUR
    24H : 2.87%
    Volume : $7,034,517.00
    Marketcap : $50,462,057.00
  • bitcoin-diamondBitcoin Diamond(BCD)$0.2129.30%
    BITCOIN DIAMOND
    24H : 9.30%
    Volume : $324,708.00
    Marketcap : $39,949,875.00
  • bytomBytom(BTM)$0.00980.790%
    BYTOM
    24H : 0.790%
    Volume : $936,843.00
    Marketcap : $17,147,030.00
  • monacoinMonaCoin(MONA)$0.6521.03%
    MONACOIN
    24H : 1.03%
    Volume : $78,461.00
    Marketcap : $0.00
Cryptotelegraph
  • bitcoin
    Bitcoin
    $29,413.00
  • ethereum
    Ethereum
    $1,976.94
  • tether
    Tether
    $1.00
  • binancecoin
    BNB
    $316.88
  • usd-coin
    USD Coin
    $1.00
    • News
      • Bitcoin News
      • Ethereum News
      • Crypto News
      • Crypto Technology
      • Analysis
      • Blockchain News
      • Industry News
      • NFTs
      • ICO News
      • Press Releases
    • Market Cap
    • Exchanges
    • ICOs
    • Videos
      • Bitcoin Videos
      • Ethereum Videos
      • Altcoin Videos
      • Blockchain Videos
      • ICO Videos
    • Submit Press Release
      • Read Press Releases
    • Contact Us
    No Result
    View All Result
    Cryptotelegraph.com
    No Result
    View All Result
    Home News Bitcoin News

    Bitcoin Is Massively Overvalued, Billionaire ’Bond King’ Jeff Gundlach

    Andy K by Andy K
    January 14, 2022
    in Bitcoin News
    Reading Time: 4 mins read
    15.6k 157
    0
    Bitcoin Is Massively Overvalued, Billionaire ’Bond King’ Jeff Gundlach
    8.2k
    SHARES
    68.3k
    VIEWS
    Share on FacebookShare on Twitter

    Billionaire Jeff Gundlach has shared his thoughts around bitcoin, saying that the digital asset is massively overvalued. Gundlach who is also known as the ‘Bond King’ is the founder of the investment firm, DoubleLine Capital.

    Bitcoin which has suffered numerous dips that have caused it to lose over 30% of its all-time high value continues to struggle, but even at these low prices, the billionaire does not believe that the cryptocurrency is actually worth its current value.

    Related Reading | ARK Invest CEO Cathie Wood On What Will Drive Bitcoin Correction


    5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

    Bitcoin Is A Spectator’s Market

    Gundlach appeared on Yahoo! Finance to talk about a number of issues surrounding the financial markets. The billionaire is infamous among bond investors but talked about why bitcoin remains too high to purchase. For Gundlach, buying bitcoin now is a bad business move. This is because people are getting out as the price is falling and would cause the digital asset to become even more volatile.

    However, the billionaire did not warn against purchasing the asset at all. In fact, Gundlach gives a price range at which he thinks that buying bitcoin would be a great move. He explained that investors should purchase the digital asset when it loses another $15,000 from its current value, putting the sweet spot for purchase at $25,000.

    “Bitcoin is for speculators at the present moment. I would advise against buying it. It will be volatile as people get out. Maybe you should buy it at $25,000.”

    Gundlach, who has always been a big proponent of bonds, continued to push for it. He explains that bitcoin is for momentum investors, which he likened to FAANG stocks, and for him who is an anti-momentum investor, bonds are the perfect fit, saying, “Bonds fit my culture of cowardice.”


    Get 110 USDT Futures Bonus for FREE!

    “If you’re a momentum investor, it’s like playing roulette with a strategy that works as long as the wheel doesn’t come up on the zero or double zero. You’re making money, making money, and then eventually you get a double zero and you’re busted. Momentum investors tend to go out in a blaze of glory.”

    Bitcoin price chart from TradingView.com

    BTC trading at $43,750 | Source: BTCUSD on TradingView.com

    NFTs Are Junky Stuff

    Bitcoin was not the only crypto asset that Gundlach touched on in his interview. The billionaire also focused NFTs, a fast-growing space that has gone from obscurity to one of the biggest markets in the crypto space in a matter of a year.

    He explained that the growth of NFTs was too fast and like bitcoin, was an investment for “investors on large doses of steroids.”

    Related articles

    TA: Bitcoin Holds Key Support, Why BTC Must Clear This Resistance

    TA: Bitcoin Holds Key Support, Why BTC Must Clear This Resistance

    May 17, 2022
    Institutional Investors Flood Over $300 Million In Bitcoin Fund, BTC To Reverse Above $30k?

    Institutional Investors Flood Over $300 Million In Bitcoin Fund, BTC To Reverse Above $30k?

    May 17, 2022

    Related Reading | Jack Dorsey Launches Bitcoin Defense Fund To Aid Devs Facing Litigation

    Gundlach further said that for him, when it comes to buying things like art, he would only buy quality. Comparing it to real estate, he states that “You should really buy the highest quality, as these assets can appreciate very steadily.”

    As the financial markets await a decision from the Fed, the billionaire also warned that the Fed could send the economy into recession if it tightened its monetary policy.

    Featured image from Bitcoin News, chart from TradingView.com
    Tags: bitcoinbitcoin investmentBondsbtcbtc investmentJeff Gundlach

    Read More From Original Source

    Tags: bitcoinbitcoin investmentbondsBTCbtc investmentJeff Gundlach
    Share3281Tweet2051
    Andy K

    Andy K

    Andy is a former Forex Trader who got involved in the crypto industry early January 2013. Since then Andy has been writing about cryptocurrencies and blockchain technology within various online crypto news publications. He is also one of the main contributors to Cryptotelegraph.com

    Fun Fact : Despite other staff members helping themselves daily - Andy has a 'never-ending' container of 'Jelly beans' always sat on his desk, it's magic!

    Related Posts

    TA: Bitcoin Holds Key Support, Why BTC Must Clear This Resistance

    TA: Bitcoin Holds Key Support, Why BTC Must Clear This Resistance

    by Andy K
    May 17, 2022
    0

    Bitcoin corrected lower and tested the $29,000 support against the US Dollar. BTC must settle above the $30,500 resistance to...

    Institutional Investors Flood Over $300 Million In Bitcoin Fund, BTC To Reverse Above $30k?

    Institutional Investors Flood Over $300 Million In Bitcoin Fund, BTC To Reverse Above $30k?

    by Andy K
    May 17, 2022
    0

    Last week saw one of the largest losses of value in the history of cryptocurrency. Bitcoin and the general crypto...

    How The Tether Peg Could Predict Raging Bitcoin Volatility

    How The Tether Peg Could Predict Raging Bitcoin Volatility

    by Andy K
    May 17, 2022
    0

    The whole UST debacle has seen traders emboldened in the market against stablecoins. The result of this had been more...

    TA: Why Bitcoin Still At Risk of A Fresh Decline Below $29K

    TA: Why Bitcoin Still At Risk of A Fresh Decline Below $29K

    by Andy K
    May 17, 2022
    0

    Bitcoin attempted a recovery wave above the $30,000 resistance against the US Dollar. BTC is struggling near $31,000 and might...

    Bitcoin Marks Seven Consecutive Red Candles, Paints Gruesome Picture For Market

    Bitcoin Marks Seven Consecutive Red Candles, Paints Gruesome Picture For Market

    by Andy K
    May 17, 2022
    0

    Bitcoin has now entered perhaps one of its most bearish periods ever. The cryptocurrency which has held up quite nicely...

    Load More

    Discussion about this post

    Partners

    Crypto Prices

    bitcoin Bitcoin
    $29,413.00
    $29,413.00
    EUR: €27,838.20
    GBP: £23,552.08
    7D Chart0.450%
    ethereum Ethereum
    $1,976.94
    $1,976.94
    EUR: €1,871.09
    GBP: £1,583.01
    7D Chart0.390%
    tether Tether
    $1.00
    $1.00
    EUR: €0.948
    GBP: £0.802
    7D Chart0.090%
    binancecoin BNB
    $316.88
    $316.88
    EUR: €299.91
    GBP: £253.74
    7D Chart4.65%
    usd-coin USD Coin
    $1.00
    $1.00
    EUR: €0.949
    GBP: £0.803
    7D Chart0.090%
    ripple XRP
    $0.414
    $0.414
    EUR: €0.391
    GBP: £0.331
    7D Chart0.400%
    cardano Cardano
    $0.528
    $0.528
    EUR: €0.499
    GBP: £0.423
    7D Chart0.930%
    polkadot Polkadot
    $9.98
    $9.98
    EUR: €9.45
    GBP: £7.99
    7D Chart2.45%
    wrapped-bitcoin Wrapped Bitcoin
    $29,412.00
    $29,412.00
    EUR: €27,837.25
    GBP: £23,551.28
    7D Chart0.470%
    litecoin Litecoin
    $69.91
    $69.91
    EUR: €66.17
    GBP: £55.98
    7D Chart0.340%
    bitcoin-cash Bitcoin Cash
    $192.41
    $192.41
    EUR: €182.11
    GBP: £154.07
    7D Chart0.500%
    chainlink Chainlink
    $7.03
    $7.03
    EUR: €6.65
    GBP: £5.63
    7D Chart0.870%
    stellar Stellar
    $0.132
    $0.132
    EUR: €0.125
    GBP: £0.106
    7D Chart3.28%
    monero Monero
    $176.14
    $176.14
    EUR: €166.71
    GBP: £141.04
    7D Chart1.27%
    uniswap Uniswap
    $5.20
    $5.20
    EUR: €4.92
    GBP: £4.16
    7D Chart-0.04%
    tezos Tezos
    $1.82
    $1.82
    EUR: €1.72
    GBP: £1.46
    7D Chart2.98%
    eos EOS
    $1.30
    $1.30
    EUR: €1.23
    GBP: £1.04
    7D Chart1.93%
    aave Aave
    $91.67
    $91.67
    EUR: €86.76
    GBP: £73.40
    7D Chart-0.15%
    bitcoin-cash-sv Bitcoin SV
    $48.76
    $48.76
    EUR: €46.15
    GBP: £39.04
    7D Chart0.220%
    havven Synthetix Network Token
    $2.59
    $2.59
    EUR: €2.45
    GBP: £2.07
    7D Chart0.410%
    • Trending
    • Comments
    • Latest
    Blockchain | Hack Script 2020 GENERATES Unlimited 100% WORKING bitcoin hacked

    Blockchain | Hack Script 2020 GENERATES Unlimited 100% WORKING bitcoin hacked

    March 14, 2020
    Blockchain unconfirmed transaction hack 100% Working! New proof!

    Blockchain unconfirmed transaction hack 100% Working! New proof!

    March 13, 2020
    Blockchain Hack Script 2020 GENERATES Unlimited Bitcoin 100% WORKING bitcoin hacked

    Blockchain Hack Script 2020 GENERATES Unlimited Bitcoin 100% WORKING bitcoin hacked

    February 11, 2020
    🔥 Forsage 🚀 (Fast and Furious) – Fully Decentralized Matrix program on Ethereum Smart Contract 🔥

    🔥 Forsage 🚀 (Fast and Furious) – Fully Decentralized Matrix program on Ethereum Smart Contract 🔥

    March 31, 2020
    Ripple XRP Token

    Ripple and XRP – The Convoluted Truth Behind XRP’s Creation

    0
    Bitcoin cash hard fork. BitcoinCash Hard fork (BCH Hard fork)

    Bitcoin Cash ‘hard fork’ What you need to know about it

    0
    Crytotelegraph - Crypto News & Reviews - Bitcoin & Altcoins

    Bitcoin price news: 10 year forecast shows bitcoin ‘WON’T DIE’ Latest BTC prediction

    0
    BAKKT Futures: BAKKT Warehouse & Bitcoin Exchange

    Will Bakkt Send Bitcoin’s price skyrocketing?

    0
    Blue Chip NFTs 101 – What Is The Proof Collective And Who’s Behind It?

    Blue Chip NFTs 101 – What Is The Proof Collective And Who’s Behind It?

    May 18, 2022
    Snoop & Gary Vee Got “Ownership” Of A Basketball Team With Ice Cube’s BIG3 NFTs

    Snoop & Gary Vee Got “Ownership” Of A Basketball Team With Ice Cube’s BIG3 NFTs

    May 18, 2022
    Ripple (XRP) Price Picks Up As SEC Legal Showdown Drags On

    Ripple (XRP) Price Picks Up As SEC Legal Showdown Drags On

    May 18, 2022
    This Analyst Believes Ethereum May Lose 80% Of Its Value

    This Analyst Believes Ethereum May Lose 80% Of Its Value

    May 18, 2022

    Cryptotelegraph.com




    The Cryptotelegraph is a Crypto News Magazine ‘Startup’ that hunts high and low to compile the very latest crypto news and reviews from around the web, whilst at the same time producing thought provoking articles and interpretations surrounding the cryptocurrency market today!


    Read More





    Disclaimer

    Information found on Cryptotelegraph is those of referring websites (or) writers quoted. It does not represent the opinions of Cryptotelegraph on whether or not to buy, trade, sell or hold any investments. You are advised to conduct your own research before making any investment decisions. Use all provided information at your own risk. Full disclaimer.

    Crypto News

    Blue Chip NFTs 101 – What Is The Proof Collective And Who’s Behind It?

    Snoop & Gary Vee Got “Ownership” Of A Basketball Team With Ice Cube’s BIG3 NFTs

    Ripple (XRP) Price Picks Up As SEC Legal Showdown Drags On

    This Analyst Believes Ethereum May Lose 80% Of Its Value

    TA: Bitcoin Holds Key Support, Why BTC Must Clear This Resistance

    Institutional Investors Flood Over $300 Million In Bitcoin Fund, BTC To Reverse Above $30k?

    Donations Welcome




    Bitcoin Address : 3AhxNswMkD5tjJJ544NRCwWhCDXHJ5GTzq

    Ethereum Address : 0x9627FB741C19e1a70E7006F2B0D0c26d14AA1816

    Bitcoin Cash Address : qq93an6n9unnu496vpcx684zekkmn4yk6g79kllf7d

    Litecoin Address : MKVphBBJkBbjSh4D6aFLds9XHE1rnS9iHW





    © Copyrights 2017 - 2021 Cryptotelegraph.com. All Rights Reserved.

    Contact    About    Privacy & Cookie Policy

    No Result
    View All Result
    • News
      • Bitcoin News
      • Ethereum News
      • Crypto News
      • Crypto Technology
      • Analysis
      • Blockchain News
      • Industry News
      • NFTs
      • ICO News
      • Press Releases
    • Market Cap
    • Exchanges
    • ICOs
    • Videos
      • Bitcoin Videos
      • Ethereum Videos
      • Altcoin Videos
      • Blockchain Videos
      • ICO Videos
    • Submit Press Release
      • Read Press Releases
    • Contact Us

    © Cryptotelegraph.com

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.