Bitcoin Institutional Demand Can’t Support $30K Valuation: Guggenheim’s Minerd

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  • Bloomberg Markets and Finance published this video item, entitled “Bitcoin Institutional Demand Can’t Support $30K Valuation: Guggenheim’s Minerd” – below is their description.

    Jan.27 — Guggenheim Global Chief Investment Officer Scott Minerd says the investor base for Bitcoin isn’t currently large enough for its price to rise to projected valuations. “The institutional demand that would support a $35K or even a $30K price is just not there,” he says on “Bloomberg Markets: The Close.”

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    In This Story: Bitcoin

    Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software. Bitcoin was the first decentralized cryptocurrency.

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