‘Bond King’ who called Bitcoin a lie now says BTC is a hedge against inflation

(BTC) is a recommended hedge against fiat currency inflation along with gold, one of its well-known critics now says.

In an appearance on Rosenberg Research’s webcast series on Nov. 2, Jeffrey Gundlach, CEO of investment management firm DoubleLine, produced rare praise for Bitcoin.

Bitcoin vs. gold 1-year chart. Source: Skew