{"id":45858,"date":"2021-07-10T10:20:06","date_gmt":"2021-07-10T07:20:06","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=45858"},"modified":"2025-09-01T13:25:02","modified_gmt":"2025-09-01T10:25:02","slug":"guggenheim-partners-warn-of-possible-bitcoin-correction-to-10000","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/guggenheim-partners-warn-of-possible-bitcoin-correction-to-10000\/","title":{"rendered":"Guggenheim Partners Warn of Possible Bitcoin Correction to $10,000"},"content":{"rendered":"

Guggenheim Partners’ chief investment officer Scott Minerd said in an interview CNBC<\/a> that Bitcoin would fall to $10,000.<\/p>\n

According to him, there are currently no reasons for investors to buy digital gold.<\/p>\n

\n

\u201cIf you look at the history of cryptocurrencies and assess the current position, I truly believe this is a crash. A crash means a drop of 70-80%, corresponding to levels of $10,000\u2013$15,000,\u201d Minerd explained.<\/p>\n<\/blockquote>\n

He added that he wouldn’t rush to buy Bitcoin and ‘doesn’t see any reason’ to hold it right now.<\/p>\n

\n

\u201cIf you plan to speculate, speculate that it will drop further,\u201d the investment director stressed.<\/p>\n<\/blockquote>\n

In December 2020, Guggenheim Partners predicted<\/a> Bitcoin’s price to rise to $400,000. In January 2021, Minerd confirmed<\/a> the forecast, but urged to lock in some profits<\/a>.<\/p>\n

In February he predicted<\/a> Bitcoin’s price to rise to $600 000.<\/p>\n

At the end of April, Minerd warned<\/a> of a possible correction for Bitcoin to $20,000, and in May called digital assets a bubble<\/a> amid the market rout.<\/p>\n

As of writing, Bitcoin is trading at about $33,800, according to CoinGecko<\/a>. The asset’s market capitalization is $633 billion.<\/p>\n

In late June, Minerd warned<\/a> of a possible correction for Bitcoin to $15,000.<\/p>\n

Follow ForkLog’s Bitcoin news on our Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"

Guggenheim Partners’ Scott Minerd told CNBC that Bitcoin would fall to $10,000.<\/p>\n","protected":false},"author":1,"featured_media":45859,"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-45858","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":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/45858","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=45858"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/45858\/revisions"}],"predecessor-version":[{"id":45860,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/45858\/revisions\/45860"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/45859"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=45858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=45858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=45858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}