Billionaire “Bondking” investor Bill Gross shared that besides investing in crypto profitably, he is a modest Bitcoin investor. In his recent statements, Gros summarizes in a few sentences why he chose cryptocurrencies. cryptocoin.com We provide details as…
Billionaire investor Bill Gross shares that he is a cryptocurrency investor
Bill Gross, nicknamed the “King of Bonds”, is a well-known bond investor. PIMCO (Pacific Investment Management Company) was founded by him. Despite his conflicting feelings about cryptocurrencies, the American investor and fund manager says he has experimented with them.
Following this, billionaire Ken Griffin, one of the most outspoken skeptics of cryptocurrencies, seems to have changed his mind on the matter. Citadel’s CEO and well-known hedge fund manager said his crypto predictions are not entirely accurate. Griffin previously dismissed cryptocurrencies as a “jihadist call” against the dollar, but now claims that “crypto has been one of the biggest stories in finance in the past 15 years.” Griffin, who has a net worth of $30.4 billion and is the 40th richest person in the world, according to Bloomberg, stated that while “not entirely sold in crypto,” the Citadel investment business can no longer ignore the space.
Bitcoin price expected to rise due to institutional investors
“Corporate money is likely to increase the price,” said Guido Buehler, CEO of Swiss Bank SEBA, when asked what will drive the price of Bitcoin up in 2022. He also predicted that Bitcoin will reach $75,000 in 2022, according to his firm’s predictions. Bitcoin is currently trading at $41,460 and is recovering from the recent $40,800 level. Bitcoin is still around 40% behind the all-time high of $69,000 set on November 10, 2021.
Additionally, CEO Guido Buehler thinks Bitcoin will lose yet another ATH. Here are the reasons:
We think the price will increase; Our internal valuation models currently suggest between $50,000 and $75,000 and I believe we will see that level. The problem is always timing.
At the time of writing, Bitcoin (BTC) has been maintaining its bearish momentum since the beginning of the week and dropped to $ 40,500. The leading cryptocurrency spearheaded a massive rally with 20% gains on February 28.
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