Bill Gross on Bitcoin, Yield Curve, Rate Hikes, Fed

Dec.07 — Bill Gross, fund manager at Janus Henderson, discusses the bitcoin surge’s effect on bond prices, the yield curve, rate hikes, and the Fed on “Bloomberg Markets.”

Video Transcript

In looking at your latest monthly investment outlook you say be careful in 2018, and one area that certainly requires caution is Bitcoin. Tell us first what your Reed is on bitcoins relentless search – sixteen thousand past sixteen thousand sure well Bitcoin search depends upon its potential for replacement or else quite incidental use of the Bitcoin as a medium of exchange.

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A dollar-based type of currency and you know for Bitcoin to do that first of all have to gain momentum and popularity, it has to serve as a medium of exchange in a store of value neither the store of that you the price has gone up and so obviously there’s been some value there, but sooner or later it will go up and down and the volatility itself may you know to inhibit Bitcoin from being a currency such as the Euro or the dollar, in addition you know the medium of exchange.

You know inhibit Bitcoin from being a currency such as the Euro or the dollar, in addition, you know the medium of exchange that Bitcoin hopes to fulfill, it has a problem because there’s only going to be 21 million of them and they’re priced at fifteen sixteen thousand dollars a unit and so you know buying a bag of groceries at the grocery store with a Bitcoin that’s going to be a little difficult yeah I love how you always can bring it…Watch the video for more.

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38 Replies to “Bill Gross on Bitcoin, Yield Curve, Rate Hikes, Fed”

  1. This guy obviously doesnt understand that there are 100 million satoshi in each bitcoin…. I will never understand why news people have people come on their show that have no idea what they are talking about.

  2. I think you have it wrong here. Bill gross, a legendary bod fund manager, is actually endorsing the concept of bitcoin. He says the central banking manipulation of credit it was spurred along and supports bitcoin. He is correct that you will not buy your groceries in bitcoin just like you won't buy your groceries in gold. Because they are not priced in Bitcoin! Listen to this man he has a better handle on the state of macro money terms then any paid per click youtuber does. No he is not going to tell you that the nest hot alt coin to buy or to tell you to hodl. But he does cleary state that the world financial system is in a very dangerous place and people are looking for a better a store of value then fiat. Google Bill gross Pimco. Dude managed trillions of $'s in bond funds. I think he understands a little about government debt yo.

  3. All respect to Bill Gross for his knowledge on bonds etc. But why must he comment on Bitcoin/blockchain, which he clearly knows little about? Bloomberg and other news outlets please bring on Bitcoin/Ethereum…/blockchain people who knows what they are talking about, and also please don't bring on journalists who thought it was fun to study Bitcoins for 10 mins and then have them make the usual boring and false comparison to the Tulip mania.

  4. Omg what a tool. Bitcoin works to the 8 decimal point. That would make 0.00000001 BTC at today’s price worth $0.0002 US (9/12/17). OFCOURSE is is divisible. They just need to get the fees down

  5. My God what an idiot. Has absolutely no idea what Bitcoin and the proof of concept platform of Crypto Currency even is! It's unbelievable! Why is he even talking on the subject? Nice Beetlejuice haircut by the way.

  6. This man said try buying food with a coin (BTC) that is worth 16,000 as if you cannot use 1 one millionth of that coin otherwise known as a satoshi or do an atomic swap and use litecoin.. HAHAHAHAHAHAHAH. The msm is so entertaining, the ignorance is truly enormous.

  7. If this whole crypto thing has shown something is how this "experts" have no problem keeping a straight face while not knowing jackshit.
    Gross is THE bond man. what on earth is he doing spreading bs based on what he thinks he know to the unwashed masses?!

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