Billionaire investor Jeff Gundlach says it’s certainly possible for bitcoin to fall another $10,000. Jeff Gundlach: Bitcoin Is in a Very Bad Place At the time of writing, bitcoin – the world’s number one digital currency by market cap – has dropped to just over $20,000 per unit. The asset is trading for about 70 percent less than where it was just eight months ago (in November, it was at $68,000), and many traders are concerned about the prospects of the digital currency space. The asset is now trading at its lowest point in about 18 months, having lost close
Doubleline Capital CEO Jeffrey Gundlach, also known as the “bond king,” says he would not be surprised at all if the price of bitcoin falls to $10K. “We’ve already seen around the edges some blowups... [[ This is a content summary only. Visit my website for full links, other content,…
Not long ago, BitcoinLinux issued an article discussing a Super Bowl commercial that was made about crypto trading and FTX, a new but increasingly popular digital currency exchange. The commercial... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to…
GameStop’s Bitcoin Purchase & ETF Launch Revealed GameStop, an American retail company that primarily sells video games, gaming consoles and related merchandise, released their 2024 revenue report which states that the platform has recently acquired 4,710 Bitcoins, surpassing $500 million in value. This purchase was made by selling convertible bonds…