{"id":34566,"date":"2021-01-12T10:37:08","date_gmt":"2021-01-12T08:37:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=34566"},"modified":"2025-08-28T21:13:15","modified_gmt":"2025-08-28T18:13:15","slug":"the-bond-king-jeffrey-gundlach-bitcoin-has-entered-bubble-territory","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/the-bond-king-jeffrey-gundlach-bitcoin-has-entered-bubble-territory\/","title":{"rendered":"The Bond King Jeffrey Gundlach: Bitcoin Has Entered Bubble Territory"},"content":{"rendered":"<p>After breaching the $20,000 mark, Bitcoin has entered bubble territory, said the head of DoubleLine Capital Jeffrey Gundlach in a CNBC commentary <a href=\"https:\/\/www.cnbc.com\/2021\/01\/11\/jeffrey-gundlach-bitcoins-price-action-is-nearing-bubble-territory.html\" target=\"_blank\" rel=\"noopener noreferrer\">CNBC<\/a>.<!--more--><\/p>\n<p>Last year the investor labeled Bitcoin <a href=\"https:\/\/u1f987.com\/en\/news\/the-bond-king-jeffrey-gundlach-calls-bitcoin-an-inflation-hedge\">hedge against inflation<\/a> as the dollar weakened. But after the cryptocurrency rose to roughly $23,000, in his words, a &#8220;mania&#8221; began.<\/p>\n<blockquote>\n<p>&#8220;Bitcoin is now in bubble territory. People are right; it has an amazing supply-and-demand dynamic,&#8221; Gundlach said.<\/p>\n<\/blockquote>\n<p>Right now the Bond King does not like Bitcoin because of its high volatility. He is neutral on the first cryptocurrency after crossing the $20,000 threshold.<\/p>\n<blockquote>\n<p>There are periods when so many people are on one side of the boat that I don\\&#8217;t believe the boat can float well,<\/p>\n<\/blockquote>\n<p>the investor explained.<\/p>\n<p>As a reminder, on January 11 the price of Bitcoin fell <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-falls-below-34000\">below $31,000<\/a>, and by the end of the day quotes had climbed back to $33,000.<\/p>\n<p>Follow ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 the full feed of news, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After breaching the $20,000 mark, Bitcoin has entered bubble territory, said the head of DoubleLine Capital, Jeffrey Gundlach, in CNBC commentary.<\/p>\n","protected":false},"author":1,"featured_media":34567,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1138],"class_list":["post-34566","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=34566"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34566\/revisions"}],"predecessor-version":[{"id":34568,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34566\/revisions\/34568"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/34567"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=34566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=34566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=34566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}