Gundlach on Bitcoin: 'I'm going to let this mania go on without me'
Business Insider
Published Sep 16, 2017 11:31AM ET
Updated Sep 18, 2017 09:29AM ET
Just about everyone has questions about bitcoin these days, including Jeffrey Gundlach's 86-year-old mom.
Gundlach, DoubleLine Capital's founder, said she texted with a link to a story urging readers to buy bitcoin. She wanted to know whether she should get in the game.
But the cryptocurrency is not something that Gundlach himself is ready to participate in.
"I’m going to let this mania go on without me," Gundlach said during a webcast with clients on Tuesday. He did devote the first slide in his section on Fed policy to a tulip bulbs ," Dimon said, referring to the infamous speculative market for tulips in 17th-century Europe.
"It's interesting that somebody that high-profile is out there with such an interesting statement," Gundlach said about Dimon.
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Written By: Business Insider
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