Fundamental valuation of Bitcoin is USD 400,000

Author: Eamonn Sheridan | Category: Cryptocurrency

Guggenheim Global Chief Investment Officer Scott Minerd comments on Wednesday in a Bloomberg interview

(Scott Minerd is the chief investment officer for $5.3bn Guggenheim Macro Opportunities Fund)
  • says his team's fundamental work suggests Bitcoin should be worth $400K
  • "It's based on the scarcity and relative valuation such as things like gold as a percentage of GDP. So you know, Bitcoin actually has a lot of the attributes of gold and at the same time has an unusual value in terms of transactions."
Its no secret the fund likes BTC, this from about 3 weeks agaio:
BTC has been on a roll, fresh highs Wednesday US time:
And, its gone higher since:
Guggenheim Global Chief Investment Officer Scott Minerd comments on Wednesday in a Bloomberg interview

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose