Leading cryptocurrency Bitcoin (BTC) Investors are curiously waiting for what kind of price movement BTC will experience after the fall.
of BTC investment and consultancy company, which is not considered very successful in this regard, while there are many predictions about its price. Scott Minerd, Guggenheim’s chief investment officerclaimed that Bitcoin could drop further.
at the World Economic Forum in Davos to CNBC Speaking of Scott Minerd, of bitcoin estimates that it could drop from current levels to $8,000.
“In a scenario where Bitcoin consistently falls below $30,000, BTC could drop by around 70% to $8,000, which is the ultimate bottom for BTC.
In this context, I think there is much more to go downstream, especially due to the restrictive monetary policy of the FED.”
Continuing his cryptocurrency predictions, Minerd says most cryptocurrencies are garbage, but Bitcoin (BTC) and Ethereum (ETH) Said it was permanent.
Guggenheim’s Bitcoin Predictions!
Guggenheim manager Scott Minerd, who has made a name for himself with Bitcoin predictions before, said that Bitcoin, which was at $ 20,000 at the beginning of 2020, should be $ 400,000.
bitcoin Guggenheim, who generally failed his predictions, had estimated $600,000 while Bitcoin was at $60,000, but BTC dropped to $30,000.
Again, Guggenheim said that Bitcoin will fall from $ 30,000 to $ 10,000, but BTC rose to $ 65,000.
#Bitcoin Previous performances by Guggenheim Partners, which gave a target price of $8,000 for
“When Bitcoin was 60k, they said it will be 600k, it dropped to 30k.
They said that while Bitcoin was 30k, it will decrease to 10k, it went up to 65k.”
— Bitcoin System (@bitcoinsystem) May 24, 2022
*Not investment advice.