DoubleLine CEO Jeffrey Gundlach on CNBC
If governments can't control cryptocurrencies and harness the technology, they will destroy them, Jeffrey Gundlach said in a CNBC interview Wednesday.
The bond fund manager said Bitcoin technology could ultimately backfire against anti-government proponents because it may give the government a way to track payments and funds.
"The government will be able to particularly able to control it," he said, adding that he believes some of the key technology was developed by the NSA.
"Governments will fight tooth and nail to suppress it," Gundlach said. "There is a complete inconsistency between cryptocurrency and a world of nation-states,"
