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BTC is the poster child for social mood and market mood

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Early in 2019, Gundlach who has characterized Bitcoin as “the poster child for social mood and market mood,” said it could gain as much as 25%.
At that time when BTC was trading around $4,000, he said, “I think it could make it to $5,000. Talk about an easy 25 percent.”
The flagship cryptocurrency to him is a “hugely speculative” asset and he advised to “get the heck out of bitcoin.”
Back in 2018, he said the highly volatile crypto asset is proving to be the new stock market indicator.
“Bitcoin keeps leading,” Gundlach told Reuters in an interview in April, two years back. The reason the digital currency carries so much predictive power is “because it was the poster child of the speculative mood late last year.”
In his January 2018 investor webcast, Gundlach said he believed Bitcoin price had hit its peak.
As for if he owns any BTC, he had said, “I do not own bitcoin. This type of investment is very, very different from my conservative DNA.”
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