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Investor who predicted a $400,000 Bitcoin is now calling for a 50% drop Investor who predicted a $400,000 Bitcoin is now calling for a 50% drop

Investor who predicted a $400,000 Bitcoin is now calling for a 50% drop

Guggenheim’s Scott Minerd says ‘things are too frothy’ in the Bitcoin market and that it’s heading for a drop.

Investor who predicted a $400,000 Bitcoin is now calling for a 50% drop

Cover art/illustration via CryptoSlate

Scott Minerd, the Chief Investment Officer of famed investment firm Guggenheim Partners’, says Bitcoin (BTC) could see a 50% drop in the near term as it’s run ‘too far, too fast.’ He made the comments in an appearance on CNBC show Worldwide Exchange yesterday.

Guggenheim made it to the crypto history books last year after putting out a $400,000 price target for Bitcoin.

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