Jeffrey Gundlach, also known as the “Bond King”, who is the CEO of Doubleline Capital, which has over $137 billion in assets under management, did an interview with Yahoo Finance on Saturday, commenting on the risk of recession in 2022/2023.

Gundlach warned about a recession at the end of 2022, noting that the bond market is already showing enough signs of recession. Gundlach also commented on cryptos, advising investors not to buy it at current rates, adding that “maybe you should buy it at $25,000”.