In a recent Bloomberg interview, Scott Minerd, Guggenheim's chief investment officer, reiterated his $15,000 Bitcoin price prediction:
Ultimately, I think that something in the neighborhood of $15,000 is where we are going to end up.
"There's still more air to come out of this."
— Bloomberg TV (@BloombergTV) July 21, 2021
Guggenheim's Scott Minerd says Bitcoin could drop to $15,000 https://t.co/JbGop61Sdg pic.twitter.com/JtpANgtC3H
He is convinced that there is still “some more air” to come out of the Bitcoin bubble.
Alex DovbnyaThe executive believes that uncertainly and rivalry with competing cryptocurrency projects could put more pressure on Bitcoin.
After a brutal sell-off that took place earlier this week, the flagship cryptocurrency managed to stage an impressive recovery on Wednesday in anticipation of Elon Musk and Jack Dorsey’s big talk.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Vladislav Sopov
Denys Serhiichuk
Dan Burgin