A senior executive of financial services company Guggenheim Partners, which plans to invest in Bitcoin (BTC), suggested that the price of Bitcoin could drop to $ 20,000.
Guggenheim CIO Scott Minerd, CNBC program Closing Bellthinks Bitcoin will never break a record in 2021, according to the January 21 episode of.
Bitcoin Price Index: 1 Bitcoin How Many TL? (BTC TL)
Minerd said that Bitcoin, which saw $ 42,000 on January 8, will rise above this level by 2022. said it was not possible:
“I think we see the peak by next year. We will probably see a decline to the level of 20 thousand dollars. “
While Minerd’s short-term forecast for Bitcoin price is down, the CIO still maintains the belief that BTC will one day be $ 400,000. When Bitcoin broke the record in late 2020, the CIO said the long-term price target of cryptocurrency was $ 400,000. However, Minerd said on January 10 that it was impossible in the short term to sustain Bitcoin’s parabolic rise.
Guggenheim Partners stepped into the crypto space in late 2020, after Grayscale filed an application to invest in BTC through the US Securities and Exchange Commission.
Bitcoin price fell sharply on January 21, falling to the $ 31,000 band. BTC, which has lost nearly 7 percent in the last 24 hours, is trading at $ 32,260 as of the time of translation broadcast.