Guggenheim CIO Says Bitcoin Could Fall to $8,000

Scott Minerd, Guggenheim’s chief investment officer, shared his outlook on crypto following the recent market plunge.
Minerd believes there is a lot more downside, especially with the Fed being restrictive. He estimates bitcoin price could fall as low as $8,000, emphasizing that most the cryptocurrencies are junk. However, he added that he believes Ethereum and bitcoin will be survivors.

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