Bitcoin Price Should Be $400K, Says Guggenheim’s CIO

Bitcoin Price Should Be $400K, Says Guggenheim’s CIO

Gate Trade News Thursday, December 17, 2020 112 0

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.