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# Guggenheim’s CIO cautions potential Bitcoin investors about buying now
- URL: https://btcpeers.com/guggenheims-cio-cautions-potential-bitcoin-investors-about-buying-now-2/
- Published: 2021-07-10T19:43:57.000Z
- Updated: 2023-09-24T15:46:27.000Z
- Author: John Williams
- Tags: News, #saudu, #Import 2025-12-27 14:07

Scott Minerd, one of Bitcoin’s vocal proponents, appears to have lost faith in the world’s leading cryptocurrency.

During a Friday interview with CNBC, Minerd voiced his skepticism over the short-term performance of Bitcoin. According to the Chief Investment Officer (CIO) of Guggenheim Partners Global, he sees no reason to own Bitcoin in the present-day [crypto](https://btcpeers.com/what-is-the-best-cryptocurrency-to-invest-in/) market.

Minerd’s enthusiasm for Bitcoin has taken a beating in the past few months. In his discussion with CNBC’s Brian Sullivan, he said:

> When we look at the history of crypto and we look at where we are, I mean, I really do believe this is probably a crash. And, you know, a crash would mean we’d be down 70% to 80%, which, let’s just say that’s between $10,000 and $15,000 \[…\] *Put it this way, I wouldn’t be in a hurry to buy Bitcoin, and I don’t see any reason to own it right now. If you’re going to be a speculator, speculate that it’s heading lower.*

Despite his pessimistic viewpoint, Minerd isn’t giving up on digital assets*.* He tweeted in June that *“Crypto will continue to be volatile, but as a paradigm, it is the future.”*

Speaking of Bitcoin, the flagship currency is currently trading at around $33,400, down by almost 50% from its all-time high.