Today news
About the same in other media
07.11 - 22:55
Why this exec changed his mind about Bitcoin
Reading now: 943
Large-cap institutional investments into Bitcoin have been one of the biggest drivers of this year’s exponential bull rally, and investors like Michael Saylor just can’t get enough. However, there are also those that are now disillusioned with the cryptocurrency, deducing that it isn’t all that it was propped up to be.
Scott Minerd, the Chief Investment Officer at Guggenheim Investments recently revealed that he was no longer invested in the top digital asset, after making vastly bullish predictions for BTC earlier this year.
In an interview with CNBC, the CIO announced his exit from the Bitcoin market, caused by a lack of understanding about the asset. He said,
“The one thing I learned as a bond trader years ago, when you don’t understand
Read more on ambcrypto.comAbout this in other media
Another Major Bank to Begin Offering Bitcoin, Ether & Altcoin Services cryptonews.com /2 years ago
Bitcoin whale indicator detects multi-month accumulation trend as BTC eyes $67K-retest cointelegraph.com /2 years ago
5 Bitcoin Forks: How They Performed Against BTC? cryptonews.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
