Cryptocurrencies
Bitcoin ‘Crash’ Risks Taking Its Price Down to $10,000, Minerd Says
The Guggenheim Investments chairman said in an interview with CNBC that he wouldn’t be in a hurry to buy the cryptocurrency.
Photographer: Paul Yueng/Bloomberg
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There’s no reason for investors to buy Bitcoin at the moment, according to Guggenheim Investments Chairman Scott Minerd.
The world’s biggest cryptocurrency is in the midst of a crash that may take it to as low as $10,000, Minerd said in an interview with CNBC.