Allianz Chief Economic Advisor Predicts Bitcoin Going Higher Amid Inflation Today

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Mohammed El-Erian, chief economic adviser at Allianz, the corporate parent company of PIMCO where he previously served as CEO, recently appeared for an interview on CNBC to discuss inflation, the federal reserve, and the price of bitcoin rising as a result of monetary policy.

In the interview, El-Erian was asked what would happen to gold, bitcoin and other cryptocurrencies if his predictions of the Federal Reserve (Fed) changing their targets for inflation came true.

“They both go higher,” El-Erian answered, but understanding his prediction makes it much more meaningful. The interview began with El-Erian being asked to explain the state of inflation in the economy.

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