Jeffrey Gundlach Sees Bitcoin Dropping to $10K
American investor Jeffrey Gundlach recently told CNBC that he would not be surprised if Bitcoin were to plunge to the $10,000 level.Gundlach claims that it was obvious that the largest cryptocurrency would drop to the $20,000 level really quickly after bulls failed to hold the $30,000 support.
"The trend is crypto is clearly not positive," Gundlach said.Despite the significant price drawdown, the DoubleLine Capital founder does not think that Bitcoin is a buy at the current level.The same sentiment was recently channeled by billionaire Sam Zell on Wednesday, who said that Bitcoin still was not cheap at $21,000.The largest cryptocurrency dipped to $20,079 yesterday before seeing a mild relief rally.
Source
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