'Bond King' Jeffrey Gundlach warns higher-for-longer interest rates could trigger the next Financial Crisis—and advises investors to ‘T-Bill and Chill’

(Credit: Matt Winkelmeyer—Getty Images)

“T-Bill and Chill” is the best strategy to investors can take amid the higher-for-longer interest rate environment, according to the so-called “Bong King” Jeffrey Gundlach.

In an interview with CNBC’s “Closing Bell” program on Wednesday, Gundlach—who has a net worth of $2.2 billion—according to Forbes, said that higher-for-longer interest rates could trigger a major economic crisis in the United States.