Guggenheim CIO Scott Minerd Predicts More Bitcoin Sell-Off but Remains Bullish Long Term

Guggenheim CIO Scott Minerd Predicts More Bitcoin Sell-Off but Remains Bullish Long TermThe chief investment officer of Guggenheim, Scott Minerd, has predicted more sell-off for bitcoin. He also warned that it will take a while for the cryptocurrency to return to its previous highs. However, in the long term, Minerd has predicted that bitcoin’s price could rise to $600K. Bitcoin Sell-Off to Continue, Minerd Says The chief […]

Go to Source

Powered by WPeMatico

Investment Manager Guggenheim Warns of Bitcoin Pullback, Calls It ‘Great Entry Point’ for Investors

Investment Manager Guggenheim Warns of Bitcoin Pullback, Calls It 'Great Entry Point' for InvestorsGuggenheim CIO Scott Minerd has warned crypto investors about bitcoin’s pullback. He said bitcoin “clearly has gotten caught in a speculative bubble that Gamestop got into.” However, he noted that it will be a “great entry point” for long-term investors. ‘Great Entry Point’ for Bitcoin Investors The chief investment officer (CIO) of Guggenheim Partners, Scott […]

Go to Source

Powered by WPeMatico

Skybridge Capital Founder Predicts $100K Bitcoin Price This Year Due to ‘Heavy Demand’ and Diminishing Supply

Skybridge Capital Founder Predicts $100K Bitcoin Price This Year Due to 'Heavy Demand' and Limited SupplyThe founder of asset management firm Skybridge Capital, Anthony Scaramucci, has predicted that the price of bitcoin will reach $100,000 before the year-end simply due to supply and demand. “You don’t have a lot of supply out there and very heavy demand,” he said. His firm currently has over half a billion dollars in bitcoin. […]

Go to Source

Powered by WPeMatico

Guggenheim Investments Increases Bitcoin Fair Value Estimate — Says BTC Price Could Reach $600K

Guggenheim Investments Increases Bitcoin Fair Value Estimate — Says BTC Price Could Reach $600KGuggenheim Global Chief Investment Officer Scott Minerd has increased his bitcoin fair value estimate. He now says that the price of the cryptocurrency could reach $600K based on his firm’s fundamental research. Guggenheim’s SEC filing to invest half a billion dollars in bitcoin became effective early this week. Guggenheim’s Scott Minerd Says Bitcoin’s Price Could […]

Go to Source

Powered by WPeMatico