March 5, 2021
Business News

Guggenheim CIO Says Bitcoin May Have Topped Out for Now

Bitcoin’s bull run may have peaked and the cryptocurrency could suffer a significant price pullback, according to Guggenheim Partners Chief Investment Officer Scott Minerd.

“For the time being, we have probably put in a top for bitcoin for the next year or so,” Minerd told CNBC on Tuesday, adding that the cryptocurrency could retrace to $20,000.

Bitcoin reached a record high of $41,962 on Jan. 8 and has been mainly restricted to a range of $30,000 to $40,000 ever since. The uptrend began in early…

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