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Allianz Chief Economic Advisor Predicts Bitcoin Going Higher Amid Inflation

Mohammed El-Erian, chief financial adviser at Allianz, the company mum or dad firm of PIMCO the place he beforehand served as CEO, not too long ago appeared for an interview on CNBC to talk about inflation, the federal reserve, and the worth of bitcoin rising on account of financial coverage.

In the interview, El-Erian was requested what would occur to gold, bitcoin and different cryptocurrencies if his predictions of the Federal Reserve (Fed) altering their targets for inflation got here true.

“They both go higher,” El-Erian answered, however understanding his prediction makes it far more significant. The interview started with El-Erian being requested to clarify the state of inflation within the financial system.

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