{"id":9465,"date":"2021-07-12T02:54:54","date_gmt":"2021-07-12T02:54:54","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/asset-manager-guggenheim-lowers-bitcoins-real-bottom-price-prediction\/"},"modified":"2021-07-12T02:54:54","modified_gmt":"2021-07-12T02:54:54","slug":"asset-manager-guggenheim-lowers-bitcoins-real-bottom-price-prediction","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/asset-manager-guggenheim-lowers-bitcoins-real-bottom-price-prediction\/","title":{"rendered":"Asset Manager Guggenheim Lowers Bitcoin\u2019s \u2018Real Bottom\u2019 Price Prediction"},"content":{"rendered":"

Guggenheim CIO Scott Minerd has made another prediction about where the price of bitcoin will be, a lower estimate from his previous \u201creal bottom\u201d price prediction.<\/strong><\/p>\n

The chief investment officer (CIO) of Guggenheim Partners, Scott Minerd, returned last week with another bearish prediction for bitcoin. Minerd is also the chairman of Guggenheim Investments, the global asset management division of Guggenheim Partners, with about $270 billion in total assets under management.
\nMinerd predicted<\/a> last month that the \u201creal bottom\u201d of bitcoin would be $15K, based on its technicals. He discounted the $10K price level at the time, calling that level \u201ca little extreme.\u201d
\nHowever, in an interview with CNBC Friday, Minerd indicated that the $10K level is now possible. \u201cWhen we look at the history of crypto and we look at where we are,\u201d he said:<\/p>\n

I really do believe this is probably a crash. And, you know, a crash would mean we\u2019d be down 70%-80% which, let\u2019s just say that\u2019s between $10,000 and $15,000.<\/p>\n

The Guggenheim CIO continued: \u201cPut it this way, I wouldn\u2019t be in a hurry to buy bitcoin and I don\u2019t see any reason to own it right now. If you\u2019re going to be a speculator, speculate that it\u2019s heading lower.\u201d<\/p>\n

<\/p>\n

While Minerd continually predicted crashes and further sell-offs for bitcoin in the short term, he has maintained his long-term BTC<\/a> price prediction of $400,000-$600,000<\/a>.
\nMeanwhile, Guggenheim has been trying to get more exposure to BTC<\/a>. In June, the firm registered<\/a> a fund that allows exposure to the cryptocurrency. According to its filing with the U.S. Securities and Exchange Commission (SEC), Minerd will be responsible for the day-to-day management of the portfolio.<\/p>\n

What do you think about Scott Minerd\u2019s bitcoin prediction? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nMarkets and Prices, bitcoin crash, bitcoin price prediction, BTC crash, guggenheim, guggenheim cio, guggenheim investments, scott minerd, scott minerd bitcoin prediction<\/p>\n","protected":false},"excerpt":{"rendered":"

Guggenheim CIO Scott Minerd has made another prediction about where the price of bitcoin will be, a lower estimate from his previous \u201creal bottom\u201d price prediction. The chief investment officer (CIO) of Guggenheim Partners, Scott Minerd, returned last week with another bearish prediction for bitcoin. Minerd is also the chairman of Guggenheim Investments, the global…<\/p>\n","protected":false},"author":0,"featured_media":9466,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-9465","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/9465"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=9465"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/9465\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/9466"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=9465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=9465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=9465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}