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A billionaire fund manager says Bitcoin will fall below $ 23,000 at the hands of CoinQuora

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© Reuters. A Billionaire Fund Manager says Bitcoin will fall below $ 23,000

  • Doubleline Capital CEO Jeffrey Gundlach said the BTC will fall below the $ 23K level.
  • He said the dollar is doomed in the long run.

Fund manager and CEO of Doubleline Capital Jeffrey Gundlach said the price of bitcoin would fall below the $ 23-thousand level.

According to an interview, Gundlach spoke about his view of bitcoin and the US dollar.

Gundlach predicted that the price of BTC would fall below $ 23,000. Earlier, he said the bitcoin charts are pretty scary. He also added that it had dropped a lot from $ 60,000 to $ 31,500, and it looks like a massive top of his head and shoulders.

As efforts are being made to revive the cryptography market, CEO Doubleline said:

I don’t believe in head and shoulder tops, but it seems pretty compelling. It was too early to turn neutral at $ 23,000, of course, but I …

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