Guggenheim CIO Says Bitcoin Could Sink To $8,000 Amid Claim New All-Time High Unlikely Until 2024 ⋆ ZyCrypto - BitcoinEthereumNews.com
BitcoinGuggenheim CIO Says Bitcoin Could Sink To $8,000 Amid Claim New All-Time High Unlikely Until 2024 ⋆ ZyCrypto05 / 24 / 2022बिटकॉइन एथेरियम समाचार विज्ञापन Scott Minerd, the CIO of the multi-billion dollar investment company Guggenheim Partners, told सीएनबीसी on Monday that he thinks bitcoin could bottom out at $8,000 in the benchmark cryptocurrencys latest swoon. Bitcoin Could Plunge As Low As $8,000: Guggenheims Scott Minerd Bitcoin, and the broader crypto market, have been struggling in recent weeks amid weak macroeconomic sentiment. In the interview with CNBC का स्क्वॉक बॉक्स, Scott Minerd hinted things will still worsen before they can get better. “When you break below $30,000 consistently, $8,000 is the ultimate bottom, so I think we have a lot more room to the downside, especially with the Fed being restrictive,” the chief investment officer said. Its worth noting that the U.S. Federal Reserve is presently implementing tighter fiscal policies मुद्रास्फीति पर अंकुश लगाने के लिए। BTC is changing hands at $29,248 at press time amid a bout of high volatility. Recoiling to $8,000 would mark a drop of over 75% from current levels. Minerd described the majority of cryptocurrencies as “junk” but claims bitcoin and ethereum will be the survivors. He, however, doesn‘t think these two