"Investment mogul Jeffrey Gundlach predicts further decline for the US Dollar, foreseeing it plunging into a bear market and potentially collapsing by 25%."

Breaking: Jeffrey Gundlach Predicts US Dollar Collapse!

Hey there, crypto enthusiasts! Today, we've got something buzzing in the financial world that's got everyone talking - Jeffrey Gundlach, aka the "New Bond King" and boss at DoubleLine Capital, is warning that the almighty greenback is teetering on the edge of a collapse!

In his latest video update, ol' Jeffrey says he's keeping a hawk's eye on the US dollar index (DXY), which measures the US dollar's performance against a basket of foreign currencies. The DXY has been in a macro downtrend, and Gundlach believes we're about to witness a meltdown if it breaches a diagonal trendline that's been serving as support since 2011.

"The dollar has been in a pattern of lower highs going back to 1985 and lower lows, with the exception of 2020, perhaps. But I think the dollar is going to continue to go down.

I know I am not alone in this view... If it breaks down, if you can mentally draw a trendline between that low in 2011 (DXY at 72) and the low back in 2021 (DXY at 89), if we break down below that trendline, I think it's truly a dollar bear market.

Should that happen, I would expect it to take out the low on this chart, so down below the level of around 72 or whatever. Now this is surreal."

Based on Gundlach's trendline, the DXY needs to stay above 97 to avoid a 25% plummet towards 72. At the moment, the DXY is hovering at 98.24.

Last week, the Bond King himself declared that the stock market, the dollar, and the Treasury market are behaving oddly, leaving anxious investors questioning the state of US assets. According to Gundlach, foreign investors holding trillions in US assets may start ditching American markets as concerns grow over the government's unsustainable fiscal path.

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"Investment mogul Jeffrey Gundlach predicts further decline for the US Dollar, foreseeing it plunging into a bear market and potentially collapsing by 25%."