The Chief Investment Officer at Guggenheim said that bitcoin’s price should be $400,000. He also revealed that his company bought BTC when it was trading at $10,000.

With Bitcoin clocking $21,000 for the first time in history, one Wall Street investor is saying the top-ranked crypto by market capitalization should be worth a lot more.

In a phone interview with Bloomberg TV on Wednesday (Dec. 15), Scott Minerd, chief investment officer at Guggenheim, said Bitcoin should be worth 20x its current market price.