Bitcoin Moving Into 'Speculative Frenzy,' Guggenheim's Minerd Says

Jan.15 -- Guggenheim Global Chief Investment Officer Scott Minerd says the market for Bitcoin has entered a short-term "speculative frenzy," while recommending investors allocate a "couple of percent" in cryptocurrencies to their portfolios. He speaks on "Bloomberg Markets: The Close."

[peter]

'Speculative frenzy' - says the guy who said 3 weeks ago on Bloomberg Bitcoin was worth $400k

[Trupak]

Here we go...it’s happening...Bitcoin is going to take over 2021 😎

[AndreS-ieif]

Do you use gold to pay for groceries? No. You invest in gold because it holds value. Except Bitcoin is fixed, at possible 21 mill bitcoins. Do you really know how much gold really exist? They keep digging more of it out of the ground.

[symphoniez]

Misleading PLEASE WATCH THE ENTIRE VIDEO EVERYONE

[OneBlurredEdge]

"Good morning, Sunday morning"
Nancy Pelosi

[jpm]

As they buy up as much as they can under 40k. Is This is the same Guggenheim saying bitcoin is going to 400k?? But then says its unsustainable at 40k

[parikshitbarua]

Creating FUD as always. Good try! Go ahead sell them, we'll buy

[CheapSoda]

They want it back down to buy more, don't give them your BTC.

[cryptofactsu]

Guggenheim says Bitcoin should be worth $400, 000 when BTC was at 20k.

Guggenheim says Bitcoin is in speculative frenzy when BTC is at 40k.

More sounds like people are investing before it reaches the value you assessed it at as any rational long-term investor would

[bonaku]

This bubble will bust as soon as society opens up.

[BitcoinFootball]

Minerd has been in BTC for almost a year. Listen to him! LOL

[mmatss]

Man, Bitcoin IS a speculative frenzy. Years and years too late to say its moving into one.

[kingmike]

We would be lucky for bitcoin to hit 50k and not crash to 30k or lower.

[likegods]

Buy PSEC stock
Pays monthly dividend
Then with dividend buy Bitcoin

[Symmetry]

Better get some just in case it catches on

[rjames]

As Presidential Inauguration Day draws near, the consequences of the present crises become more apparent 🔥 👀

Bitcoin and Łitecoin are lifeboats ⛴🚢rising as the tide comes in.

[MetalBum]

He’s trying to manipulate price. But bitcoin will ten x

[muskpool]

yeah hahahahahahahahahah
"not this time"

[lorencastillo]

You need to do your homework. You have a loose understanding of what it is and how it works.

[impala]

Stocks, cryptocurrency, real estate, Forex, 2021 is going to be epic. I love diversification.💰📈📉