{"id":34777,"date":"2021-01-15T11:43:17","date_gmt":"2021-01-15T09:43:17","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=34777"},"modified":"2025-08-28T22:08:57","modified_gmt":"2025-08-28T19:08:57","slug":"guggenheim-partners-confirm-forecast-for-bitcoin-to-reach-400000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/guggenheim-partners-confirm-forecast-for-bitcoin-to-reach-400000\/","title":{"rendered":"Guggenheim Partners confirm forecast for Bitcoin to reach $400,000"},"content":{"rendered":"<p>The investment director of Guggenheim Partners, Scott Minerd, confirmed his forecast for Bitcoin to rise to $400,000. He also voiced concerns about the near-term prospects for the cryptocurrency market.<!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">\u00abIt\u2019s turning into a bit of a frenzy.\u00bb Scott Minerd, Guggenheim Partners global chief investment officer and chairman of investments, discusses his thoughts on bitcoin, saying the rise is unsustainable in the near-term. <a href=\\\"https:\/\/t.co\/mCGeEUbqzy\\\">https:\/\/t.co\/mCGeEUbqzy<\/a> <a href=\\\"https:\/\/t.co\/t4FKdSA457\\\">pic.twitter.com\/t4FKdSA457<\/a><\/p>\n<p>\u2014 CNBC (@CNBC) <a href=\\\"https:\/\/twitter.com\/CNBC\/status\/1349842226168397825?ref_src=twsrc%5Etfw\\\">January 14, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Minerd warned that the crypto market has become a touch frenzied. He said the December forecast remains intact.<\/p>\n<p><span style=\\\"font-weight: 400;\\\">Earlier analysts at Guggenheim Partners <\/span><a href=\"https:\/\/u1f987.com\/en\/news\/guggenheim-partners-forecast-bitcoin-to-reach-400000\"><span style=\\\"font-weight: 400;\\\">calculated<\/span><\/a><span style=\\\"font-weight: 400;\\\"> the $400,000 price, taking into account scarcity and Bitcoin&#8217;s market capitalization relative to gold.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">According to economist Alex Kr\u00fcger, Minerd is making bearish comments about Bitcoin in order to buy the cryptocurrency for $500 million at a low price.<\/span><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">This institutional cuck who seeks to invest $500 million into bitcoin thinks <a href=\\\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$BTC<\/a> is now too expensive and everybody should sell so he may buy lower.<\/p>\n<p>His carefully drafted words may make the unaware think Guggenheim is taking profits. But they haven\u2019t yet bought. <a href=\\\"https:\/\/t.co\/Ny3rL8MKtA\\\">https:\/\/t.co\/Ny3rL8MKtA<\/a><\/p>\n<p>\u2014 Alex Kr\u00fcger (@krugermacro) <a href=\\\"https:\/\/twitter.com\/krugermacro\/status\/1348643086109454338?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><span style=\\\"font-weight: 400;\\\">His carefully chosen words may lead the uninformed to think that Guggenheim is already selling Bitcoin. But they have not yet bought,<\/span> he wrote.<\/p>\n<\/blockquote>\n<p>Back in November, Guggenheim Partners <a href=\"https:\/\/u1f987.com\/en\/news\/wall-street-giant-bets-500m-on-grayscale-bitcoin-trust\"><span style=\\\"font-weight: 400;\\\">filed<\/span><\/a><span style=\\\"font-weight: 400;\\\"> with the U.S. Securities and Exchange Commission to invest up to $530 million in the Grayscale Bitcoin Trust. The proposed amendment is due to take effect on January 31.<\/span><\/p>\n<p>Subscribe to ForkLog news on <a href=\\\"https:\/\/vk.com\/forklogcom\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Guggenheim Partners&#8217; chief investment officer Scott Minerd confirmed his forecast for Bitcoin to rise to $400,000. He also voiced concerns about the near-term prospects for the crypto market.<\/p>\n","protected":false},"author":1,"featured_media":34778,"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":[1146,2036],"class_list":["post-34777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-market-forecasts","tag-guggenheim-partners"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34777","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=34777"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34777\/revisions"}],"predecessor-version":[{"id":34779,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34777\/revisions\/34779"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/34778"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=34777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=34777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=34777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}