Bitcoin Forum

Bill Gross, bond guru #1 advises to buy gold and Bitcoin

He was a manager of world's largest bond fund!

http://finance.yahoo.com/news/bill-gross-janus-warns-financial-114838617.html

https://en.wikipedia.org/wiki/Bill_Gross

Good positive news. I never realized that Bill Gross is bitcoin friendly individual - it is nice that he compared BTC to gold as asset which will survive economic crisis.

I guess some big fishes in financing world are not blind and see clearly that current financial situation is going to be only worse in time.

Very interesting.
It's definitely good news to see a manager of a large hedge fund like this talking about crypto currencies.
I doubt anyone who doesn't already know about Bitcoin would become an investor, but maybe a few who were already considering a small investment will take this as a sign to move in.

...

Bonds, at least for the longer term are probably a bad bet, as interest rates will surely go up (hence bond values down) sometime in the years ahead.  While bonds do well in a deflation (and so might do well as a speculation for a short time), deflation rarely lasts long...

Bill Gross is a smart man.  I believe he is correct that BTC and gold are an important part of safely diversifying.

You can just examine my own moniker (name) here to see how I feel about gold and Bitcoin...   :)

I think that more and more financial experts are going to accept and promote the Bitcoin because they are aware by now it has become inevitable in the financial world and they would like to get the best out of it too.

Interesting news, I wonder if this is showing a sort of turn of opinion within the financial community. This might be enough to convince me to start buying more Bitcoin from exchanges and start saving what I already have. I wonder if this is part of what triggered the increase in the market today?

The moment when Bitcoin ETF is on NYSE/NASDAQ will change everything!

That's nice information to hear, however I'd like to see what the market thinks of this. Anyone can say "buy Bitcoin" who has a name for themselves, however the market has to see it as favorable in order for anything to really come of it. I'm interested to see where the market decides to take it.

Is Bill Gross a major bitcoin player?Does he hold large amounts of btc?

It would be good,if he is a major bitcoin investor.

This is good news.Keep it up.

...

And if Bitcoin goes back up over $700 each, Bill Gross looks like even more the genius!

I wonder how much he knows about BTC.  If he knows a lot, then his advice to buy BTC is a major signal.  He has a lot of money and a lot of street cred in the investment community.

It's an interesting one. So many established names who've said positive things about Bitcoin are heavily into metals, yet your average metal buyer is often more sceptical about Bitcoin than a high street moron. They're too busy polishing it and dreaming of trading a shiny lump for a fully functioning female after society falls. They may be disappointed.

We metal-heads will be fine.  But your point is good.  

A new and hard-to-grok thing like Bitcoin will take time to be accepted and used by the masses.  Keep in mind that even BTC Wankers (I cannot write ANY kind of a computer program right now) like me are in the "One Percent" beyond doubt.  1% (and that is a way-high estimate) use BTC...

It looks like BTC will indeed grow as more discover it and use it.

But, I think it's going to take a long time before Bitcoin becomes anything influential.

I also advise people to buy some Bitcoin because I believe that in the future we are going to be able to make quite allot of money with it. If you have the money to invest in Bitcoin then you should try it out for your self.

Bitcoin is only becoming more and more popular and the price is only going to get higher so you have to be quick if you want to make it.

That is amazing. Unexpected.

It would be good news if we start to see more news like this in mainstream financial news channels.
More people would just follow suit and invest in Bitcoin if they also see a sudden price spike to accompany this advice.

The news by yahoo was a bit missleading! Bill Gross did not recommend or advise to buy Bitcoin!
He named it as an alternative beside many others, like gold, as a possibility to safe your wealth.That's all.In an interview on bloomberg he also admitted not to know that much about Bitcoin or Blockchain and that he has to study it much more.
But it is good news that he alone mentioned Bitcoin as a store of value.His voice might have some weight!

https://www.janus.com/insights/bill-gross-investment-outlook (https://www.janus.com/insights/bill-gross-investment-outlook)

A known bond guru like Bill Gross mentioning bitcoin as an alternative besides others to save someone's wealth is good news even if he didn't advise others to buy Bitcoin. If he liked it and started to recommend bitcoin we will see a big price spike because of many buying investors or whales brought by him to invest on bitcoin. Hoping to see the price of bitcoin by that time I know it will be high or just right.