The first rate hike since 2018. FED announced yesterday that they have increased the interest rate by 0.25 points.
Stating that he predicts that interest rates will rise to 1.75 by 2022, 7 more interest rates will be increased. Fed chairman Jerome Powell “I’m old enough to remember what very high inflation was like. We are strongly determined as a committee not to let this high inflation settle.” said.
“I Will Buy Bitcoin Instead of Gold!”
Billionaire investor speaking to CNBC after the Fed’s interest rate decision Jeff Gundlach instead of gold until the next Fed meeting on May 3-4. bitcoin He said he would buy.
Gundlach, CEO of DoubleLine Capital, He explained the reason why he preferred Bitcoin to gold as follows:
“The leading cryptocurrency is trading close to the lower end of the price range of Bitcoin. However, the price range of gold to BTC close to the upper limit. That’s why I prefer BTC to gold in the short term.”
“Inflation Will Be Permanent!”
Referring to the FED’s decision to increase interest rates, Jeff Gundlach stated that the FED is far behind.
“Stocks have been oversold and will go higher in the short term, but will topple with a few more rate hikes.”
The billionaire investor finally eases the pressure on prices. expects inflation to persist told.
*Not investment advice.