424: BITCOIN SHOULD BE WORTH $400K, SAYS GUGGENHEIM INVESTMENTS!! $100K IS A RIDICULOUSLY LOW TARGET!!
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English - December 17, 2020 14:52 - 20 minutes - 10.3 MB - ★★★★ - 537 ratingsTechnology Education bitcoin binance bitcoinnews bitcoinnewstoday bitcoinprice bitmex blockchain btc btcnews crypto Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
The global head of investment at the $270-billion asset management giant Guggenheim Investments says Bitcoin should be valued at $400,000.
In a new interview on Bloomberg TV, Scott Minerd says the firm’s fundamental analysis shows BTC is massively undervalued.
“We made the decision to start allocating Bitcoin when Bitcoin was at $10,000. It’s a little more challenging with the current price closer to $20,000.
Amazing over a short period of time how big of a run up we’ve had. But having said that, our fundamental work shows that Bitcoin should be worth about $400,000…
We’re going to monitor the market and see how trading goes but ultimately we want to buy it.”
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