Billionaire Gundlach calls bitcoin "hype" and predicts the Federal Reserve will not cut interest rates in 2026.

According to a report by Bijie Network: DoubleLine CEO Jeffrey Gundlach dismissed bitcoin as "hype" in an interview with CNBC, comparing its recent decline to gold's 90% rise over the past year. He pointed out that the Federal Reserve has kept interest rates unchanged and that Chairman Jerome Powell lacks forward guidance, making further rate cuts unlikely. Gundlach believes the US dollar is losing its safe-haven status, noting that the dollar has experienced an atypical decline during the recent market correction, while also emphasizing the persistently high inflation levels above the Fed's target.