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13 May 2021

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


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Guggenheim made it to the crypto history books last year afterputting out a $400,000 price targetfor Bitcoin.

Minerd, at the time, stated Bitcoin’s scarcity combined with “rampant money printing” was the rationale behind the ambitious pierce target.

In the appearance, Minerd said he remains long-term bullish on Bitcoin’s price trajectory, but stated that things were turning too “frothy” for now—a colloquial term to describe euphoria in the markets.

It’s not the first time that Minerd has publicly stated a large price drop on Bitcoin.

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