Mobile Prices / Blog / Cryptocurrency / Asset Manager Guggenheim Lowers Bitcoin's 'Real Bottom' Price Prediction

Asset Manager Guggenheim Lowers Bitcoin's 'Real Bottom' Price Prediction


By Yes Mobile

Asset Manager Guggenheim Lowers Bitcoin's 'Real Bottom' Price Prediction

Asset Manager Guggenheim Lowers Bitcoin's 'Real Bottom' Price Prediction

Guggenheim CIO Scott Minerd has made one other prediction about the place the value of bitcoin will likely be, a decrease estimate from his earlier “actual backside” value prediction.

The chief funding officer (CIO) of Guggenheim Companions, Scott Minerd, returned final week with one other bearish prediction for bitcoin. Minerd can also be the chairman of Guggenheim Investments, the worldwide asset administration division of Guggenheim Companions, with about $270 billion in whole belongings below administration.
Minerd predicted final month that the “actual backside” of bitcoin could be $15Okay, based mostly on its technicals. He discounted the $10Okay value degree on the time, calling that degree “a little bit excessive.”
Nevertheless, in an interview with CNBC Friday, Minerd indicated that the $10Okay degree is now potential. “After we take a look at the historical past of crypto and we take a look at the place we’re,” he mentioned:

I actually do imagine that is in all probability a crash. And, you understand, a crash would imply we’d be down 70%-80% which, let’s simply say that’s between $10,000 and $15,000.

The Guggenheim CIO continued: “Put it this manner, I wouldn’t be in a rush to purchase bitcoin and I don’t see any motive to personal it proper now. In the event you’re going to be a speculator, speculate that it’s heading decrease.”

Whereas Minerd regularly predicted crashes and additional sell-offs for bitcoin in the brief time period, he has maintained his long-term BTC value prediction of $400,000-$600,000.
In the meantime, Guggenheim has been making an attempt to get extra publicity to BTC. In June, the agency registered a fund that enables publicity to the cryptocurrency. Based on its submitting with the U.S. Securities and Trade Fee (SEC), Minerd will likely be chargeable for the day-to-day administration of the portfolio.

What do you concentrate on Scott Minerd’s bitcoin prediction? Tell us in the feedback part beneath.

Yes Mobile
Yes Mobile is the senior mobile blog writer and technology expert. Our aim provides the best information about mobile technology and latest mobile prices in Pakistan new mobile news video reviews issues etc. And how to use software easy ways. and much more.

Latest Posts

Latest Mobile Price List in Pakistan

BlackBerry DTEK70 Coming Soon
BlackBerry DTEK60 Coming Soon
Tecno Phantom 8 Rs. 34,500
Apple iPhone XS Max Rs. 166,499
Apple iphone 8 Plus Rs. 110,499
Apple iphone 8 Rs. 96,499
Apple iPhone X Rs. 128,499
Huawei Nova 3 Rs. 58,499
Honor 9 Mobile Rs. 55,499
Tecno Camon 11 Pro Rs. 29,500
Nokia 8 Sirocco Rs. 103,500
Meizu Zero Rs. 67,500
Nokia 5.1 Rs. 18,500
Nokia X6 Rs. 31,500
Nokia 4 Rs. 19,500
Realme 2 Rs. 25,499
Tecno Camon iACE2X Rs. 13,300
Realme U1 Rs. 28,499
Meizu Note 8 Rs. 44,500
Realme C1 Rs. 18,000
Meizu 16s Plus Rs. 71,500
Huawei P30 Pro Rs. 173,500
Samsung Galaxy A70 Rs. 61,499
Huawei P30 Lite Rs. 43,499
Oppo F11 Pro Rs. 54,499
Oppo A5s Rs. 19,500
Samsung Galaxy A10 Rs. 20,500
Vivo V15 Pro Rs. 57,500