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Jeffrey Gundlach Says Bitcoin May Be a Better Bet Than Gold

  • Cryptocurrency hits all-time high, crossing $52,000 this week
  • Gundlach turns neutral on gold, calls Bitcoin stimulus asset
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Bitcoin Is a Better Version of Gold, Nexo's Trenchev Says

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 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.