Guggenheim says institutional demand not enough to keep BTC above $30K

Cointelegraph

Published Jan 27, 2021 09:34PM ET

Updated Jan 27, 2021 11:20PM ET

Guggenheim’s Scott Minerd has come out with another gloomy price outlook for Bitcoin stating that there is not enough institutional demand to keep the asset over $30,000.

The chief investment officer of the financial services firm told Bloomberg Television the institutional investor base was not big enough to sustain the current prices.

Continue Reading on Coin Telegraph