{"id":35141,"date":"2021-01-21T16:34:55","date_gmt":"2021-01-21T14:34:55","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=35141"},"modified":"2025-08-28T23:54:15","modified_gmt":"2025-08-28T20:54:15","slug":"guggenheim-partners-bitcoin-price-to-retreat-to-20000","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/guggenheim-partners-bitcoin-price-to-retreat-to-20000\/","title":{"rendered":"Guggenheim Partners: Bitcoin price to retreat to $20,000"},"content":{"rendered":"<p>Guggenheim Partners&#8217; investment chief Scott Minerd said Bitcoin has already reached the peak of its market value this year. He expects the price of the first cryptocurrency to fall to $20 000.<!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">\u00abI think for the time being, we probably put in the top for bitcoin for the next year or so,\u00bb says <a href=\\\"https:\/\/twitter.com\/ScottMinerd?ref_src=twsrc%5Etfw\\\">@ScottMinerd<\/a>. \u00abAnd we\u2019re likely to see a full retracement back toward the 20,000 level.\u00bb <a href=\\\"https:\/\/t.co\/0mUnkOSyW9\\\">pic.twitter.com\/0mUnkOSyW9<\/a><\/p>\n<p>\u2014 CNBC\u2019s Closing Bell (@CNBCClosingBell) <a href=\\\"https:\/\/twitter.com\/CNBCClosingBell\/status\/1352005762164412420?ref_src=twsrc%5Etfw\\\">January 20, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><br \/>\nLast week Minerd confirmed his forecast for Bitcoin to rise to <a href=\"https:\/\/forklog.com\/en\/news\/guggenheim-partners-confirm-forecast-for-bitcoin-to-reach-400000\">$400 000<\/a>, but expressed concerns about near-term prospects for the crypto market.<\/p>\n<blockquote>\n<p>\u00abI think for the time being, we have probably put in the top for Bitcoin for the next year or so. We\u2019re likely to see a full retracement back toward the $20 000 level,\u00bb said the investment director of Guggenheim Partners.<\/p>\n<\/blockquote>\n<p>In response, analyst Alex Kr\u00fcger accused Scott Minerd of trying to push Bitcoin&#8217;s price lower with his remarks. The trader believes that Guggenheim Partners want to buy the first cryptocurrency cheaper in February, when the US Securities and Exchange Commission approves their <a href=\"https:\/\/forklog.com\/en\/news\/wall-street-giant-bets-500m-on-grayscale-bitcoin-trust\">application<\/a> to invest about $500 million in the Grayscale Bitcoin Trust.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">Here\u2019s <a href=\\\"https:\/\/twitter.com\/ScottMinerd?ref_src=twsrc%5Etfw\\\">@ScottMinerd<\/a> who insists in trying to talk <a href=\\\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$BTC<\/a> down so he may buy lower in February, when his SEC approval becomes effective.<\/p>\n<p>Minerd, rather unintelligently, told the world he thought <a href=\\\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Bitcoin<\/a> should be worth $400K before he could buy in full. <a href=\\\"https:\/\/t.co\/5QPPiCijVP\\\">https:\/\/t.co\/5QPPiCijVP<\/a><\/p>\n<p>\u2014 Alex Kr\u00fcger (@krugermacro) <a href=\\\"https:\/\/twitter.com\/krugermacro\/status\/1352031219811307521?ref_src=twsrc%5Etfw\\\">January 20, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<blockquote>\n<p>\u00ab\u041c\u0430\u0439\u043d\u0435\u0440\u0434 \u043d\u0435\u043e\u0431\u0434\u0443\u043c\u0430\u043d\u043d\u043e \u0437\u0430\u044f\u0432\u0438\u043b \u043c\u0438\u0440\u0443, \u0447\u0442\u043e \u0431\u0438\u0442\u043a\u043e\u0438\u043d \u0434\u043e\u043b\u0436\u0435\u043d \u0441\u0442\u043e\u0438\u0442\u044c $400 000, \u043f\u0440\u0435\u0436\u0434\u0435 \u0447\u0435\u043c \u0441\u0430\u043c \u0443\u0441\u043f\u0435\u043b \u0437\u0430\u043a\u0443\u043f\u0438\u0442\u044c\u0441\u044f \u043d\u0430 \u043f\u043e\u043b\u043d\u0443\u044e\u00bb, \u2014 \u0434\u043e\u0431\u0430\u0432\u0438\u043b \u041a\u0440\u044e\u0433\u0435\u0440.<\/p>\n<\/blockquote>\n<p>\u041f\u043e \u0441\u043b\u043e\u0432\u0430\u043c \u0430\u043d\u0430\u043b\u0438\u0442\u0438\u043a\u0430, \u0438\u043d\u0441\u0442\u0438\u0442\u0443\u0446\u0438\u043e\u043d\u0430\u043b\u044b \u043f\u044b\u0442\u0430\u044e\u0442\u0441\u044f \u0443\u0431\u0435\u0434\u0438\u0442\u044c \u0440\u044b\u043d\u043e\u043a \u043f\u0440\u043e\u0434\u0430\u0432\u0430\u0442\u044c \u0446\u0438\u0444\u0440\u043e\u0432\u043e\u0435 \u0437\u043e\u043b\u043e\u0442\u043e, \u043a\u043e\u0442\u043e\u0440\u043e\u0435 \u0441\u0430\u043c\u0438 \u0435\u0449\u0435 \u043d\u0435 \u043f\u043e\u043a\u0443\u043f\u0430\u043b\u0438.<\/p>\n<p>Earlier, Pantera Capital&#8217;s Dan Morehead forecast Bitcoin rising to <a href=\"https:\/\/forklog.com\/en\/news\/pantera-capital-ceo-bitcoin-to-reach-115000-in-eight-months\">$115 000<\/a>.<\/p>\n<p>Earlier, &#8216;Bond King&#8217; Jeffrey Gundlach said that <a href=\"https:\/\/forklog.com\/en\/news\/the-bond-king-jeffrey-gundlach-bitcoin-has-entered-bubble-territory\">Bitcoin has entered a bubble zone<\/a>.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forklogfeed\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog Feed<\/a> \u2014 all the news feed, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Guggenheim Partners&#8217; investment chief Scott Minerd said Bitcoin has already reached the peak of its market value this year. He expects the price of the first cryptocurrency to fall to $20,000.<\/p>\n","protected":false},"author":1,"featured_media":35142,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1146,2036],"class_list":["post-35141","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-cryptocurrency-market-forecasts","tag-guggenheim-partners"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/35141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=35141"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/35141\/revisions"}],"predecessor-version":[{"id":35143,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/35141\/revisions\/35143"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/35142"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=35141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=35141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=35141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}