Guggenheim CIO Scott Minerd Sees Bitcoin (BTC) Sinking to $8,000 – Bloomberg

Guggenheim Partners Chief Investment Officer Scott Minerd said he expects Bitcoin to fall to $8,000 and that cryptocurrency has become a market of “a bunch of yahoos.”

“Bitcoin and any cryptocurrency at this point has not really established itself as a credible institutional investment,” Minerd said Wednesday during a Bloomberg Television interview from the World Economic Forum in Davos, Switzerland. “Everything is suspect.”

Source: Guggenheim CIO Scott Minerd Sees Bitcoin (BTC) Sinking to $8,000 – Bloomberg