Guggenheim Partners CIO Scott Minerd Stands by $400K Bitcoin Price Prediction
Jan 18 2021 · 09:22 UTC | Updated
Jan 18 2021 · 09:37 by Bhushan Akolkar · 3 min read
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Recently, when Bitcoin (BTC) crossed $41,500 levels, Minerd contradicted his own bullish prediction saying that it’s time for some profit-booking. However, the Guggenheim CIO clarified that it was for the short term and added that he still remains bullish on long term.
Last week on Friday, January 15, Guggenheim Partners Chief Investment Officer Scott Minerd spoke to Bloomberg Market about the recent state of bitcoin (BTC). Minerd said that he stands by his earlier prediction that Bitcoin can touch $400,000 levels in the long term.