"New Bond King" Gundlach: Bitcoin and gold will fluctuate sideways in the short term

Fed Chairman Powell said at a press conference this morning that the Fed has no intention of holding Bitcoin. "We are not allowed to hold Bitcoin," Powell said at a press conference after the FOMC meeting. As for the legal issues of holding Bitcoin, Powell said, "This is something for Congress to consider, but we have no intention of seeking to change the law." In this regard, "New Bond King" Gundlach said that gold and Bitcoin positions may continue to increase. In the short term, both gold and Bitcoin will fluctuate sideways. (tradingview)