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Guggenheim’s Minerd: Insufficient Institutional Interest Prevents Bitcoin from Sustaining $30K Value

On January 27th, Guggenheim’s Chief Investment Officer, Scott Minerd, expressed that the current scale of investors in Bitcoin is inadequate to drive its value to anticipated levels. He stated that “The institutional desire necessary to uphold a price of $35K or even $30K is absent at this time,” during an appearance on “Bloomberg Markets: The Close.”

Credit: YouTube/Bloomberg Television

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