Crypto News Bulletin from seekingalpha

Thursday February 18, 2021 8:54 PM
1 week 3 days ago

Bond investor Gundlach turns bullish on Bitcoin, goes neutral on the dollar

Bond king Jeff Gundlach changes his tune to become bullish on Bitcoin (BTC-USD), saying it's "maybe The Stimulus Asset.""Doesn't look like gold is," he added, saying he's turned neutral on the metal from gold bull.He's also become neutral on the U.S. dollar, and says he has been for more than six months. But on his "Just Markets" webcast in January 2021, he said he was short-term bearish on the dollar.Back in January, Gundlach had said he was neutral on both Bitcoin and gold; he had stepped aside on the crypto when it hit $23K.Bitcoin, up more than four-fold in the past six months, is trading at ~$52K, slightly off its high of $52.47K.The crypto has been gaining more more attention by more mainstream investors. BlackRock fixed income chief Rick Rieder said on Wednesday that the firm has "started to dabble" in the digital asset. And Morgan Stanley is reported to