Jeff Gundlach Calls Bitcoin Bottom

A name not often mentioned within the community but one that I think should be paid attention to is Jeff Gundlach. While Gundlach is well known as the "bond king" and founder of Double Line, he's has often made very accurate and interesting predictions, specifically names like Apple and Chipotle, and even predicted Trump's win.

What’s most interesting is that Gundlach said on April 4–while price was around $6,900–that Bitcoin price was likely the low of the year. This was all while many were still calling for lower prices and some still think we aren’t out of the bear market entirely yet. I also sense a slight shift in his generally bearish tone of Bitcoin, which I find very interesting.

(Video clip: https://www.express.co.uk/videos/534199/Jeffrey-Gundlach-says-Bitcoin-is-now-on-the-low-of-the-year)

He's generally a bear on bitcoin and has harshly bashed cryptos in the past. Here are some of his past comments:

"I'm going to let this mania go on without me" - September 2017

"We're starting to see the big rock of silly season" and "If you short bitcoin today, you'll make money" - December 2017

“The high for bitcoin is in,” he said. “It’s just a thing that is out there, unproven. I have a theory that bitcoin is very different than what people think. People think that it is tremendously safe and anonymous and can’t be hacked and all that stuff. I have feeling that it is the opposite." - January 2018

"Strangely, bitcoin seems to be the poster child for social mood and market mood" and "If stocks are going to take another tumble, I think it would be preceded by a bitcoin decline" - February 2018

"Bitcoin very clearly leads risk assets" and "Bitcoin is the dot-com of our world today and this mania is so similar to where we were in 1999" - April 2018