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What Else: According to Minerd, Bitcoin "could pull back to $20,000 to $30,000, which would be a 50% decline," a decline on scales that Bitcoin traders have experienced before.
Still, he is bullish on Bitcoin and believes that such corrections are "the normal evolution in what is a longer-term bull market" before the coin reaches between $400,000 to $600,000.
- Bitcoin Could Fall As Low As $20,000, According To Guggenheim's CIO | Benzinga
- Scott Minerd — the chief investment officer at Guggenheim Partners, a financial services firm managing
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