U.S. asset management giant Guggenheim CIO expects to fall to $ 20,000 as in January.
Scott Minerd, chief investment officer of US asset management giant Guggenheim Partners, has repeatedly claimed that Bitcoin will crash to $ 20,000.
In an interview with CNBC on the 21st, Minard warned that Bitcoin would lose half its value if it fell.
Familiar bearish expectations resurface
“Given the big short-term movement of Bitcoin, it looks like a bubble and there will be major adjustments,” Minard told CNBC.
Bitcoin has now rebounded after falling to $ 52,000 in adjustments from the 2021 bull market and is currently around $ 55,000.
While Minard warned that Bitcoin would fall to $ 20,000 in January, it seems to maintain its belief that it will reach $ 400,000 in the long run.