Scott Minerd, Guggenheim Partners’ chief investment officer, said in an interview CNBC that the price of the first cryptocurrency would fall to $15,000 or even $10,000.
In his view, investors should not worry about Bitcoin investments right now. Minerd stressed that the price of digital gold could move sideways for the next few years, until the cryptocurrency market becomes bullish again.
In December 2020, Guggenheim Partners predicted Bitcoin would rise to $400,000. In January 2021, Minerd confirmed the forecast, but urged to lock in part of the profits.
In February he predicted Bitcoin’s price to rise to $600,000.
At the end of April, Minerd warned of a possible correction of Bitcoin to $20,000, and in May called digital assets a bubble amid a market crash.
At the time of writing, Bitcoin was trading at around $30,400, according to CoinGecko. The asset’s market capitalization is $570 billion.
Robert Kiyosaki, the author of the bestseller ‘Rich Dad Poor Dad’ and entrepreneur, predicted the biggest crash in world history and predicted Bitcoin’s price to fall to $24,000.
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