Bitcoin (BTC) $104,870.02 0.33%
Ethereum (ETH) $2,519.14 -0.86%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 154.6149 -1.27%
Cardano (ADA) $0.68 -1.64%
Chainlink (LINK) $13.89 -1.48%
Litecoin (LTC) $87.39 0.08%
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Market Cap: $3,275,495,533,623

24h Vol: $85,556,144,163

CoinGape

2021-01-28 09:40:25

Guggenheim CIO Says “Institutional Demand Not Strong Enough to Keep Bitcoin Above $30,000”

Guggenheim CIO Says “Institutional Demand Not Strong Enough to Keep Bitcoin Above $30,000”

Scott Minerd, the CIO of Guggenheim Partners a financial service provider believes that the current institutional demand for bitcoin despite the hype is not big enough to sustain bitcoin price above $30,000. Minerd comments come just days after he predicted BTC price to follow to $20,000 levels as the top cryptocurrency seems to be stuck The post Guggenheim CIO Says “Institutional Demand Not Strong Enough to Keep Bitcoin Above $30,000” appeared first on Coingape.

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