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Guggenheim CIO Predicted Bitcoin May fall To $20K Level

Mary Liu

Summary: Scott Minerd, the Chief Investment Officer of Guggenheim Partners, said in an interview with CNN that Bitcoin has fallen into a "speculative bubble".  He said: "When we get a risk-off moment, we could be seeing Bitcoin pull back to somewhere between $20,000 and $30,000 dollars. " But Minerd adds that for "strong hands", these levels ...

Scott Minerd, the Chief Investment Officer of Guggenheim Partners, said in an interview with CNN that Bitcoin has fallen into a "speculative bubble". 

He said: "When we get a risk-off moment, we could be seeing Bitcoin pull back to somewhere between $20,000 and $30,000 dollars. "

But Minerd adds that for "strong hands", these levels would be good entry points to increase positions.

By Mary Liu

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