{"id":33534,"date":"2020-12-17T10:11:25","date_gmt":"2020-12-17T08:11:25","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=33534"},"modified":"2025-08-28T14:18:20","modified_gmt":"2025-08-28T11:18:20","slug":"guggenheim-partners-forecast-bitcoin-to-reach-400000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/guggenheim-partners-forecast-bitcoin-to-reach-400000\/","title":{"rendered":"Guggenheim Partners Forecast Bitcoin to Reach $400,000"},"content":{"rendered":"<p>The price of Bitcoin is expected to rise to $400,000, according to Guggenheim Partners&#8217; investment chief Scott Minerd, on Bloomberg TV.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">&#8220;Our fundamental work shows that Bitcoin should be worth about $400,000,&#8221; says Guggenheim\u2019s Scott Minerd <a href=\\\"https:\/\/t.co\/9QyOWyYAVA\\\">https:\/\/t.co\/9QyOWyYAVA<\/a> <a href=\\\"https:\/\/t.co\/uojQqaKPia\\\">pic.twitter.com\/uojQqaKPia<\/a><\/p>\n<p>\u2014 Bloomberg TV (@BloombergTV) <a href=\\\"https:\/\/twitter.com\/BloombergTV\/status\/1339292564265046022?ref_src=twsrc%5Etfw\\\">December 16, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>He said Guggenheim Partners&#8217; analysts arrived at this conclusion based on two factors: the finite supply of the first cryptocurrency and its value relative to gold.<\/p>\n<blockquote>\n<p>&#8220;Bitcoin possesses many attributes of gold and, at the same time, has extraordinary value in terms of transactions,&#8221; the company&#8217;s representative noted.<\/p>\n<\/blockquote>\n<p>He added that he was impressed by the rapid rise in the digital asset&#8217;s price over a short period. However, purchasing it above $20,000, Minerd said, was &#8220;a bit more problematic&#8221;.<\/p>\n<p>Guggenheim Partners manages assets worth $270 billion. In November the company said it planned to allocate <a href=\"https:\/\/u1f987.com\/en\/news\/wall-street-giant-bets-500m-on-grayscale-bitcoin-trust\">a portion of its portfolio to the Grayscale Bitcoin Trust<\/a>.<\/p>\n<p>On the night of December 17, the price of the first cryptocurrency <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-hits-new-high-above-22000\">reached a new all-time high<\/a> above $22,000.<\/p>\n<p>Follow ForkLog news on <a href=\\\"https:\/\/www.facebook.com\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is expected to rise to $400,000, according to Guggenheim Partners&#8217; investment chief Scott Minerd on Bloomberg TV.<\/p>\n","protected":false},"author":1,"featured_media":33535,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,480,2036,1156],"class_list":["post-33534","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-bitcoin-price","tag-guggenheim-partners","tag-institutional-investors-and-whales"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=33534"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33534\/revisions"}],"predecessor-version":[{"id":33536,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33534\/revisions\/33536"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/33535"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=33534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=33534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=33534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}