Scott Minerd, chief investment officer of Guggenheim Partners, a global investment and consulting firm with more than $325 billion in assets, predicted that the bottom level in Bitcoin (BTC) could be $8,000.
Previously, Bitcoin 400,000-600,000 dollars may rise to a level between miner, He added a new one to his predictions.
minerdFinally Monday, May 23 held in Davos, Switzerland. of the World Economic Forum (WEF) at its annual meeting CNBCIn an interview with In the scenario where Bitcoin constantly sags below $ 30,000, it can drop by 70% to $ 8,000. told.
We could see $8,000 as the ultimate bottom when the price consistently drops below $30,000. I think we still have a long way to go down, especially in a time when the Fed is so restrictive.
In general, he had little success in his predictions. minerdThis is not the first time Bitcoin has predicted a drop. Minerd, Bitcoin $65,000 at the levels April 2021 price per month He can fix up to $20,000.same year july in the month Bitcoin could drop to $15,000 had said.
with last week red for 8 consecutive weeks for the first time in history closing Bitcoin (BTC), CoinGecko data in the last 24 hours 3.5% lost value and at the time of writing the news from $29,323 is being traded.
Will Bitcoin Close Week 8 Red?
Related article: Will Bitcoin Close Week 8 Red?