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

About This Source - Bloomberg Markets and Finance

Bloomberg Markets and Finance features news about financial markets from around the world. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

Bloomberg Books #Ad

Recent from Bloomberg Markets and Finance:

  • 500,000 Are Dead From Covid-19 in U.S.
  • Tiger Woods Hurt in California Single-Car Crash
  • Starboard ‘Might’ Do Another SPAC Deal, CEO Jeff Smith Says
  • 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.”

    Bloomberg Markets and Finance YouTube Channel

    Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

    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.

    4 Recent Items: Bitcoin

  • Bitcoin plunges, and could there be a new challenger on the way
  • Square announces $170M bitcoin buy
  • Square CFO: Bitcoin has potential to become the ‘native currency of the internet’
  • Bill Gates Talks Climate Change Action, Covid Misinformation
  • Leave a Comment