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