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Browse: Home / 2022 / May / 25 / Guggenheim CIO Scott Minerd Sees Bitcoin (BTC) Sinking to $8,000 – Bloomberg

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

By Securities Docket on May 25, 2022, 11:40 am

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

Posted in Industry, Top | Tagged Bitcoin

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