{"id":42816,"date":"2021-05-20T10:21:07","date_gmt":"2021-05-20T07:21:07","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=42816"},"modified":"2025-08-31T00:53:54","modified_gmt":"2025-08-30T21:53:54","slug":"guggenheim-partners-call-cryptocurrencies-a-bubble-amid-market-rout","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/guggenheim-partners-call-cryptocurrencies-a-bubble-amid-market-rout\/","title":{"rendered":"Guggenheim Partners call cryptocurrencies a bubble amid market rout"},"content":{"rendered":"<p>Investment director Scott Minerd of Guggenheim Partners called cryptocurrencies a bubble, comparing the market situation to <a href=\"https:\/\/ru.wikipedia.org\/wiki\/%D0%A2%D1%8E%D0%BB%D1%8C%D0%BF%D0%B0%D0%BD%D0%BE%D0%BC%D0%B0%D0%BD%D0%B8%D1%8F\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">tulipmania<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Crypto has proven to be Tulipmania. As prices rise, tulip bulbs and <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&#038;ref_src=twsrc%5Etfw\">#crypto<\/a> currencies multiply until supply swamps demand at previous market clearing prices.<\/p>\n<p>\u2014 Scott Minerd (@ScottMinerd) <a href=\"https:\/\/twitter.com\/ScottMinerd\/status\/1395130420489031683?ref_src=twsrc%5Etfw\">May 19, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00ab\u041a\u0440\u0438\u043f\u0442\u043e\u0432\u0430\u043b\u044e\u0442\u044b \u043e\u043a\u0430\u0437\u0430\u043b\u0438\u0441\u044c \u0442\u044e\u043b\u044c\u043f\u0430\u043d\u043e\u043c\u0430\u043d\u0438\u0435\u0439. \u041f\u043e \u043c\u0435\u0440\u0435 \u0440\u043e\u0441\u0442\u0430 \u0446\u0435\u043d \u043b\u0443\u043a\u043e\u0432\u0438\u0446\u044b \u0442\u044e\u043b\u044c\u043f\u0430\u043d\u043e\u0432 \u0438 \u0446\u0438\u0444\u0440\u043e\u0432\u044b\u0435 \u0430\u043a\u0442\u0438\u0432\u044b \u043c\u043d\u043e\u0436\u0430\u0442\u0441\u044f \u0434\u043e \u0442\u0435\u0445 \u043f\u043e\u0440, \u043f\u043e\u043a\u0430 \u043f\u0440\u0435\u0434\u043b\u043e\u0436\u0435\u043d\u0438\u0435 \u043d\u0435 \u043f\u0440\u0435\u0432\u044b\u0441\u0438\u0442 \u0441\u043f\u0440\u043e\u0441 \u043f\u0440\u0438 \u043f\u0440\u0435\u0436\u043d\u0438\u0445 \u0440\u044b\u043d\u043e\u0447\u043d\u044b\u0445 \u0446\u0435\u043d\u0430\u0445\u00bb, \u2014 \u043d\u0430\u043f\u0438\u0441\u0430\u043b \u043e\u043d.\u00a0<\/p>\n<\/blockquote>\n<p>Founder of Compound, Robert Leshner <a href=\"https:\/\/twitter.com\/rleshner\/status\/1395144642132316170?s=20\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">responded<\/a> that this statement was a mistake, \u00abbordering on financial incompetence\u00bb. He emphasized that the supply of bitcoin and other digital assets does not increase as prices rise.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00ab\u0421 \u0442\u0435\u043c \u0436\u0435 \u0443\u0441\u043f\u0435\u0445\u043e\u043c \u043c\u043e\u0436\u043d\u043e \u0443\u0442\u0432\u0435\u0440\u0436\u0434\u0430\u0442\u044c, \u0447\u0442\u043e \u043f\u0440\u0435\u0434\u043b\u043e\u0436\u0435\u043d\u0438\u0435 \u0430\u043a\u0446\u0438\u0439 \u0440\u0430\u0441\u0442\u0435\u0442 \u0432\u043c\u0435\u0441\u0442\u0435 \u0441\u043e \u0441\u043f\u0440\u043e\u0441\u043e\u043c \u043d\u0430 \u043d\u0438\u0445\u00bb, \u2014 \u0434\u043e\u0431\u0430\u0432\u0438\u043b \u041b\u0435\u0448\u043d\u0435\u0440.<\/p>\n<\/blockquote>\n<p>Popular cryptocurrency blogger Lark Davis backed the expert.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">Dude, wasn\u2019t your company going to invest hundreds of millions into <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#bitcoin<\/a>? This comment shows you guys must have done almost no research on the topic, shocking.<\/p>\n<p>\u2014 Lark Davis (@TheCryptoLark) <a href=\"https:\/\/twitter.com\/TheCryptoLark\/status\/1395159487300784128?ref_src=twsrc%5Etfw\">May 19, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00ab\u0420\u0430\u0437\u0432\u0435 \u0432\u0430\u0448\u0430 \u043a\u043e\u043c\u043f\u0430\u043d\u0438\u044f \u043d\u0435 \u0441\u043e\u0431\u0438\u0440\u0430\u043b\u0430\u0441\u044c \u0432\u043b\u043e\u0436\u0438\u0442\u044c \u0432 \u0431\u0438\u0442\u043a\u043e\u0438\u043d \u0441\u043e\u0442\u043d\u0438 \u043c\u0438\u043b\u043b\u0438\u043e\u043d\u043e\u0432? \u042d\u0442\u043e\u0442 \u043a\u043e\u043c\u043c\u0435\u043d\u0442\u0430\u0440\u0438\u0439 \u043f\u043e\u043a\u0430\u0437\u044b\u0432\u0430\u0435\u0442, \u0447\u0442\u043e \u0432\u044b, \u0440\u0435\u0431\u044f\u0442\u0430, \u043f\u043e\u0447\u0442\u0438 \u043d\u0435 \u0438\u0441\u0441\u043b\u0435\u0434\u043e\u0432\u0430\u043b\u0438 \u0442\u0435\u043c\u0443, \u0447\u0442\u043e \u0448\u043e\u043a\u0438\u0440\u0443\u0435\u0442\u00bb, \u2014 \u043d\u0430\u043f\u0438\u0441\u0430\u043b \u043e\u043d.<\/p>\n<\/blockquote>\n<p>Minerd later noted that with the collapse of the tulip bubble, the flowers themselves did not disappear. In his view, this will be true for cryptocurrencies as well.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">This is not the death of <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&#038;ref_src=twsrc%5Etfw\">#crypto<\/a> just as the collapse of Tulipmania was not the end of tulip bulbs!<\/p>\n<p>\u2014 Scott Minerd (@ScottMinerd) <a href=\"https:\/\/twitter.com\/ScottMinerd\/status\/1395131018265440260?ref_src=twsrc%5Etfw\">May 19, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier, Minerd stated that the price of the first cryptocurrency could <a href=\"https:\/\/forklog.com\/en\/news\/guggenheim-partners-projects-bitcoin-to-reach-600000\">rise to $400 000-$600 000<\/a>.<\/p>\n<p>Earlier, in April 2021, the Guggenheim investment director warned of a possible <a href=\"https:\/\/forklog.com\/en\/news\/guggenheim-partners-warn-of-possible-bitcoin-correction-to-20000\">correction of Bitcoin to $20 000<\/a>. At that time, digital gold traded at around $50 000.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investment director Scott Minerd of Guggenheim Partners called cryptocurrencies a bubble, likening the market situation to &#8216;tulipmania&#8217;.<\/p>\n","protected":false},"author":1,"featured_media":42817,"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":[1269,2036,1145],"class_list":["post-42816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrencies","tag-guggenheim-partners","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42816","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=42816"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42816\/revisions"}],"predecessor-version":[{"id":42818,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42816\/revisions\/42818"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/42817"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=42816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=42816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=42816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}