Jeffrey Gundlach, CEO of DoubleLine Capital, one of the important investment companies of the USA, evaluated the Fed's interest rate decision. Speaking to CNBC from the US media, Gundlach stated that the Fed is far behind and said, "We have an extremely flat yield curve at these inflation levels right now." said.
Stating that stocks are currently at an oversold level, Gundlach said:
"The stocks are extremely low right now... I think they will rise in the short term. The recent correlation between stocks and Bitcoin may also benefit Bitcoin. That's why I prefer Bitcoin to gold, even in the short term."
Gundlach also stated that inflation is likely to decrease in 2022, but he does not think that it will fall to the level expected by the Fed.
Is the bearish movement over?
As it is known, the US Federal Reserve (Fed) increased interest rates by 25 basis points at 21 pm yesterday evening. Bitcoin, which has been under $ 40 thousand for a long time, decreased with the emergence of the figures, but later rose above $ 40 thousand again.
The first plans of the Fed to increase interest rates were revealed with the announcement of the meeting minutes in December. Bitcoin, which was above $ 50 thousand at that time, then started a serious downward movement.
Apple (NASDAQ:AAPL) co-founder believes Bitcoin could reach $100,000
Steve Wozniak, co-founder of tech giant Apple, predicted that Bitcoin would more than double its price based on market speculation alone.
Steve Wozniak also said in a podcast that he personally bought crypto money, but not to make money. Wozniak said that he could not put this into a math about Bitcoin price prediction, only because of the interest in crypto money, his shares were in this direction.