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Guggenheim’s Minerd Sees Bitcoin Sinking to $8,000 With Crypto Now ‘Suspect’

Posted by Alex Wittenberg - on Friday, May 27, 2022, In : 848FINACE 


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.”

Minerd said his firm bought Bitcoin at $20,000 and sold w...


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