Bitcoin - If you’re going to be a speculator9 Jul 2021 22:42
speculate that it’s heading lower.
https://finbold.com/there-is-no-need-to-invest-in-bitcoin-now-guggenheim-investments-chair-says/
Scott Minerd, the Chairman of Guggenheim Investments has said there is no need for investors to put their money into Bitcoin at the moment.
Speaking to CNBC, Miner stated that Bitcoin’s price might crash further to as low as $10,000. According to Minerd, the current Bitcoin price movement points to a crash based on historical price movement. Therefore, he projects the price to plunge 70-80%.
“Put it this way, I wouldn’t be in a hurry to buy Bitcoin and I don’t see any reason to own it right now. If you’re going to be a speculator, speculate that it’s heading lower,” said Minerd.