Scott Minerd, head of global investment (CIO) of the $ 270 billion asset management giant Guggenheim Investments, makes an important cryptocurrency forecast. According to Scott Minerd, the Bitcoin price should be worth $ 400,000.

Scott Minerd: “Bitcoin price should be $ 400,000”

In a new interview on Bloomberg TV, Guggenheim Investments’ head of global investment, Scott Minerd, emphasizes that Bitcoin has risen beyond the firm’s fundamental analysis. The famous manager says the leading cryptocurrency should be worth $ 400,000. Scott Minerd adds the following to his comments on the subject:

WE DECIDED TO INVEST US $ 10,000 IN BITCOIN. THE CURRENT PRICE WAS SOME MORE DIFFICULT TO BE CLOSE TO $ 20,000… BUT WE HAVE EXPERIENCED SO BIG EXPLOSION IN A SHORT TIME AND THIS IS UNBELIEVABLE. AFTER SAYING THAT, OUR BASIC WORK SHOWS THAT BITCOIN SHOULD BE VALUE 400,000 USD… WE WILL MONITOR THE MARKET AND SEE HOW THE TRADE IS GOING BUT WE WILL CONSIDER TO BUY.

Guggenheim Investments CIO explains the basis of giant Bitcoin prediction

Scott Minerd cites BTC’s aggregate supply cap of 21 million tokens, the fact that it is a fully internet-based monetary payment network, and its ability to store value as the main reasons for the giant forecast. Scott Minerd adds the following to his comments on the subject:

BITCOIN INTENTLY HAS MANY OF GOLD’S FEATURES AND AT THE SAME TIME, HAVE A VALUE UNCOMPETENT IN TERMS OF OPERATIONS.

Guggenheim Investments recently announced that it is preparing to invest up to half a billion dollars in BTC through the Grayscale Bitcoin Trust (GBTC).

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