⊈ allocatedindustries.trade

🏄 What's your Mission? PyndanEX™ 🔎 Discover The Possibilities We're Spreading Results! powered by  Surfing Waves We're Spreading Result Allocated Industries\ Dimdotworks, Inc. Intellectual Property Allocated Industries Disclaimer Privacy Policy                                            Is An Equal Opportunity Partnership Endeavor To Where It Matters priceages.com Ticker Tape  by  TradingView Allocated Industries 2021© Priceages Magazine ALL RIGHTS RESERVED HC ALLOCATED INDUSTRIES CORPORATION | ALL RIGHTS RESERVED   “ᴏᴜʀ ғɪʀᴍ ʙᴇʟɪᴇғ ᴛʜᴀᴛ ᴠᴀʟᴜᴇ ʜᴀs ǫᴜᴀʟɪᴛɪᴇs ᴛʜᴀᴛ ғᴀʀ ᴇxᴄᴇᴇᴅ ᴀɴʏ ʙᴀʀʀɪᴇʀs ᴏɴᴇ ᴄᴀɴ ᴇғғᴇᴄᴛɪᴠᴇʟʏ ᴄᴏɴᴛʀᴏʟ ᴛʜᴇɪʀ ᴇᴄᴏɴᴏᴍɪᴄ ᴅᴇsᴛɪɴʏ ʙʏ ғᴏʀᴍɪɴɢ ʟɪғᴇ ʟᴏɴɢ ᴡᴏʀᴋɪɴɢ ʜᴀʙɪᴛs, ᴛᴇᴄʜɴɪᴄᴀʟ sᴋɪʟʟs, ᴀɴᴅ ᴇᴅᴜᴄᴀᴛɪᴏɴᴀʟ ʙᴜsɪɴᴇss ᴠᴀʟᴜᴇs sɪᴍᴜʟᴛᴀɴᴇᴏᴜs ᴛᴏ ᴇɴʀɪᴄʜɪɴɢ ᴛʜᴇ ᴄᴏᴍᴍᴜɴɪᴛʏ ᴀʀᴏᴜɴᴅ ᴛʜᴇᴍ… “ᴇɴᴠɪsɪᴏɴ ᴛʜᴇ ᴡᴏʀʟᴅ; ᴄᴏᴏʀᴅɪɴᴀᴛᴇ ʏᴏᴜʀ ғᴜᴛᴜʀᴇ” π=ℝℚℤℕℂ PyndanEX™ | Applications That Power Things! prices@allocatedindustries.trade ACTIVE : The content of this website is presented by "

Institutional Demand Can’t Keep Bitcoin Above $30,000 – Minerd

Scott Minerd, investment director at Guggenheim Partners, believes that institutions cannot keep Bitcoin (BTC) price above $30,000. He expressed this opinion in a recent interview with Bloomberg.

According to Minerd, the market lacks the necessary institutional demand to allow Bitcoin to return to $35,000. He said:

I don’t think there are enough investors now to support that price.

Read also: Bitcoin Price Won’t Exceed $40,000, JPMorgan Says

Bitcoin can grow to $400,000 in the long term

It is noteworthy that in December last year, Minerd announced Bitcoin fundamental indicators, hinting at the growth of the cryptocurrency to $400,000. The study of Guggenheim Partners was then based on the shortage of cryptocurrency and the value of other assets like gold. Minerd previously argued:

… Bitcoin actually has many attributes of gold and at the same time unusual value in terms of transactions.

Guggenheim Partners has been closely monitoring the cryptocurrency market since November last year. Earlier in an interview with CNBDC, Minerd suggested that Bitcoin has already peaked in 2021. Nonetheless, cryptocurrency remains a viable asset in the long term, he added.

Guggenheim Partners manages more than $200 billion in assets, and invests in different asset classes on behalf of companies, pension funds, and sovereign wealth funds, said it could “indirectly raise Bitcoin investments” through the Grayscale Bitcoin Trust (GBTC) product through its Macro Opportunity Fund.

Meanwhile, Bitcoin price is experiencing a two-week decline. On Wednesday, January 27, the BTC/USD pair formed a double bottom and bounced off the support of $29,000. However, at the time of this writing, the price of one bitcoin is trading at $31,906. The average daily trading volume has exceeded $76 million.

If you have any questions and comments on Bitcoin today, use the form below to reply.

© MarkStevenson for Commodity Blog, 2021. | Permalink | No comment | Add to del.icio.us
Post tags:

Feed enhanced by Better Feed from Ozh

source https://www.earnforex.com/commodities/institutional-demand-cant-keep-bitcoin-above-30000-minerd/