Billionaire Jeff Gundlach Expects Recession This Year, Advises Against Buying Bitcoin

Billionaire Jeff Gundlach Expects Recession This Year, Advises Against Buying Bitcoin


Doubleline Capital CEO Jeffrey Gundlach, also known as the “Bond King,” has warned about “a recession in the later part of this year.” He also advised against buying bitcoin at the current level. “Maybe you should buy it at $25,000,” he said.

Billionaire ‘Bond King’ Jeff Gundlach on Recession, Bitcoin, and the Fed Raising Interest Rates

Billionaire fund manager Jeff Gundlach warned about a recession happening in the later part of this year in an interview with Yahoo Finance, published Saturday. He also commented on whether investors should buy bitcoin.

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Gundlach is the CEO of Doubleline Capital, which has over $137 billion in assets under management (AUM). He is sometimes referred to as the “Bond King” after he appeared on the cover of Barron’s in

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