{"id":35515,"date":"2021-01-28T14:25:22","date_gmt":"2021-01-28T12:25:22","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=35515"},"modified":"2025-08-29T01:39:42","modified_gmt":"2025-08-28T22:39:42","slug":"guggenheim-partners-institutions-wont-keep-bitcoin-at-30000","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/guggenheim-partners-institutions-wont-keep-bitcoin-at-30000\/","title":{"rendered":"Guggenheim Partners: Institutions won\u2019t keep Bitcoin at $30,000"},"content":{"rendered":"

Scott Minerd, Guggenheim Partners’ chief investment officer, stuck to his near-term forecast of a Bitcoin price decline. In a Bloomberg<\/a> commentary he doubted that the first cryptocurrency could hold the $30,000 level.<\/p>\n

\n

\u201cThere isn’t enough institutional demand to support Bitcoin’s price at $35,000 or even $30,000,\u201d Minerd added.<\/p>\n<\/blockquote>\n

In his view, digital gold will remain a viable asset in the long term, but in the near term pressure on Bitcoin’s price could intensify.<\/p>\n

\n

\u201cThere are now retail investors in the market who see in the rally an opportunity to make money,\u201d said the CIO of Guggenheim Partners.<\/p>\n<\/blockquote>\n

Earlier, on January 21, Minerd said that Bitcoin had already peaked for the year and forecast a decline in the asset’s price to around $20,000<\/a>.<\/p>\n

In response, analyst Alex Kr\u00fcger accused the Guggenheim Partners executive of trying to push Bitcoin’s price down to buy it cheaper in February, when his firm would obtain regulatory approval.<\/p>\n

Earlier, several of the largest US universities, according to media reports, invested in Bitcoin<\/a>.<\/p>\n

Follow ForkLog news on Telegram: ForkLog Feed<\/a> \u2014 the full news feed, ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"

Guggenheim Partners’ chief investment officer Scott Minerd stood by his near-term Bitcoin price decline forecast. In Bloomberg’s comments, he doubted that Bitcoin could sustain the $30,000 level.<\/p>\n","protected":false},"author":1,"featured_media":35516,"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":[480,2036,1138],"class_list":["post-35515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-guggenheim-partners","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/35515","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=35515"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/35515\/revisions"}],"predecessor-version":[{"id":35517,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/35515\/revisions\/35517"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/35516"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=35515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=35515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=35515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}