Billionaire bond investor Jeffrey Gundlach called Bitcoin and cryptocurrencies are the “poster child” for speculation in a market with frothy valuations.
The increasingly hot sector has had a rough couple of days, after Elon Musk sent Bitcoin (BTC) reeling on Wednesday. In a surprise move, the billionaire founder of Tesla (TSLA) said the company would stop accepting the digital currency for car purchases, touching off a new bout of volatility in crypto.
According to Gundlach, the founder and…
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