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960: BILLIONAIRE “BOND KING" WHO ACCURATELY PREDICTED RECENT CRYPTO COLLAPSE IS CALLING FOR $10K BITCOIN!

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 17 June 2022

⏱️ 22 minutes

🧾️ Download transcript

Summary

Doubleline Capital CEO Jeffrey Gundlach, also known as the “bond king,” says he would not be surprised at all if the Bitcoin price falls to $10,000. “We’ve already seen around the edges some blowups in parts of the crypto world, and that could be foreshadowing some problems,” he explained. The billionaire bond king explained that when the BTC price fell below $30K, its chart indicated that $20K “was going to happen quickly, and it did.” Emphasizing that “The trend in crypto is clearly not positive,” Gundlach opined: "I’m not bullish at that $20,000 or $21,000 on bitcoin. I wouldn’t be surprised at all if it went to $10,000." Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

In today's show, breaking news, Elon Musk gets hit with a ridiculous $258 billion dogecoin lawsuit.

0:06.7

That's right, the billionaire, along with his company, Space X and Tesla, are all being sued for an astonishing $258 billion in damages for being engaged in a crypto pyramid scheme involving Dogecoin, as the lawsuit reads here.

0:19.0

He seeks 86 billion in damages, plus 172 billion in

0:22.7

triple damages, as well as an injunction, borrowing Musk and his companies from marketing

0:27.5

Doge and declaring that the Doge trade is illegal under U.S. and New York law.

0:31.7

And more breaking news, the Bitcoin price just hit an 18-month low. And not only that, but the

0:36.1

current Bitcoin monthly RSI is also at

0:38.2

as lowest point ever. It has gone lower than the previous 2015 and 2018 bear market bottoms.

0:43.9

As Plan B points out here, Bitcoin cycles, the RSI, which you can see here in the yellow,

0:47.8

is at an all-time low at 42. And this just in, Russian Central Bank is ready to allow the use

0:53.0

of Bitcoin and crypto for international payments. Let's go. Also in today's show, Crypto trader, who accurately predicted Bitcoin's collapse to sub-23,000 dollars months ago, warrants a potential new lows. As Crypto Capo shares here, if Bitcoin breaks the $20,000 level, panic could be massive. Many people have stop losses below this level.

1:11.6

Many others think it can't break the 2017 all-time high because it hasn't happened before.

1:15.9

It can easily reach $16,000 to $18,000 if 20K breaks. Also in today's show, Bitcoin is fast

1:22.0

approaching a level that historically acts as a cycle bottom, according to top crypto analysts,

1:26.7

quoting rec capital here.

1:28.0

Bitcoin is now sitting at the 200 week moving average. For the first time since March of 2020,

1:32.4

Bitcoin tends to downside weight below this 200 week, moving average. And now for some predictions,

1:37.0

Adam back, Cypher Punk and Blockstream CEO says $100,000 Bitcoin price is likely in 2022.

1:43.1

And Samson Mao agrees. He says that makes two people calling for

1:45.9

$100,000 Bitcoin price this year, me and Adam in the darkness of the dip, few can see the light.

1:51.7

And speaking of $100,000 Bitcoin price, we also have the majority of fund managers predicting

1:56.1

$100,000 as well. That's right. They say bitcoin could still turn the tide around despite the

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