Bond King Jeffrey Gundlach Thinks BTC Could Sink to $10K

Jeffrey Gundlach is not bullish on bitcoin, saying its price might decrease to $10,000.

The American businessman and Founder of DoubleLine Capital LP – Jeffrey Gundlach – said that the current condition of the cryptocurrency market is “clearly not positive.” Keeping this negative trend in mind, he believes bitcoin’s price could plunge to $10,000.for CNBC, the American billionaire known as the “Bond-King” – Jeffrey Gundlach – outlined quite a bearish prediction for bitcoin’s future valuation.

The digital asset market, similar to many traditional finance markets, has crashed in the past week. Bitcoin, for one, currently hovers around $22,000, trading far away from its levels at the beginning of 2022 and from its all-time high registered in November last year.that BTC could represent a massive bubble because of its significant price swings.

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