{"id":34578,"date":"2021-01-12T12:11:45","date_gmt":"2021-01-12T10:11:45","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=34578"},"modified":"2025-08-28T21:17:09","modified_gmt":"2025-08-28T18:17:09","slug":"guggenheim-partners-urge-selling-bitcoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/guggenheim-partners-urge-selling-bitcoin\/","title":{"rendered":"Guggenheim Partners urge selling Bitcoin"},"content":{"rendered":"<p>The investment director of Guggenheim Partners, Scott Minerd, sees near-term downside risks for Bitcoin. In his view, part of the position should be sold.<!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">Bitcoin\u2019s parabolic rise is unsustainable in the near term. Vulnerable to a setback. The target technical upside of $35,000 has been exceeded. Time to take some money off the table.<\/p>\n<p>\u2014 Scott Minerd (@ScottMinerd) <a href=\\\"https:\/\/twitter.com\/ScottMinerd\/status\/1348493010338803713?ref_src=twsrc%5Etfw\\\">January 11, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<blockquote>\n<p>&#8220;The parabolic growth of Bitcoin is unsustainable in the near term. There is a risk of a pullback. The technical upside to $35,000 has been exceeded. Time to take some money off the table,&#8221; Minerd wrote.<\/p>\n<\/blockquote>\n<p>Earlier, on December 17, the Guggenheim Partners investment director forecast <a href=\"https:\/\/u1f987.com\/en\/news\/guggenheim-partners-forecast-bitcoin-to-reach-400000\">Bitcoin\u2019s rise to $400,000<\/a>. Minerd called the first cryptocurrency &#8220;extremely undervalued&#8221; at around $20,000.<\/p>\n<p>Earlier, the &#8216;bond king&#8217; Jeffrey Gundlach said that <a href=\"https:\/\/u1f987.com\/en\/news\/the-bond-king-jeffrey-gundlach-bitcoin-has-entered-bubble-territory\">Bitcoin has entered bubble territory<\/a>.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forklogfeed\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The investment director of Guggenheim Partners, Scott Minerd, saw near-term downside risks for Bitcoin. In his view, part of the position should be sold.<\/p>\n","protected":false},"author":1,"featured_media":34579,"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],"class_list":["post-34578","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-bitcoin-price","tag-guggenheim-partners"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34578","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=34578"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34578\/revisions"}],"predecessor-version":[{"id":34580,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34578\/revisions\/34580"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/34579"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=34578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=34578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=34578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}