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2021.04.21

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.

https://markets.businessinsider.com/news/stocks/bitcoin-could-fall-as-low-as-20-000-according-to-guggenheim-s-cio-1030330138

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