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Guggenheim Has Already Bought Bitcoin For Some Private Funds, Says CIO
Summary: Even the Bitcoin investment plan of Guggenheim Partners is still waiting for approval from SEC, Scott Minerd, Chief Investment Officer revealed in an interview with Bloomberg TV that the company has purchased Bitcoin for some private funds. Minerd said: "In some of our private funds, we have already purchased it, and I think because I ...
Even the Bitcoin investment plan of Guggenheim Partners is still waiting for approval from SEC, Scott Minerd, Chief Investment Officer revealed in an interview with Bloomberg TV that the company has purchased Bitcoin for some private funds.
Minerd said: "In some of our private funds, we have already purchased it, and I think because I recommend it to somebody."
Minerd ever predicted that BTC will rally to $400,000, he recommended in the interview: "2% of your portfolio will be 20% of your portfolio before this is over. So you don’t want to get too overweight, but certainly, an allocation of a couple of percent of your portfolio seems to be a prudent thing."
By Mary Liu
Tags: Bitcoin,Guggenheim,Scott Minerd,SEC
Link: Guggenheim Has Already Bought Bitcoin For Some Private Funds, Says CIO [Copy]
