Experts from Guggenheim Partners believe that bitcoin may soon fall

According to Scott Minerd, Chief Investment Officer of Guggenheim Partners, the cryptocurrency bitcoin may fall in price in the near future.

As Minerd said in an interview with Bloomberg, he believes that the cryptocurrency market capitalization will fall below the recent local minimum, as the industry has not yet «cleared» itself of problematic participants. The representative of Guggenheim Partners believes that digital assets, including bitcoin, will continue to fall in price, due to regulatory pressure and the lack of strong institutional support.

«I think [крипто-ринок] will continue to fall. I think we are going to have something similar to the dot-com crash, so that we can figure out who won and who lost,» Scott Minerd shared his opinion.

However, despite the negative forecasts of the investment director of Guggenheim Partners, at the time of writing, the crypto market is doing well — all thanks to the increase in the key rate range from the Federal Reserve System (Fed), by 75 basis points at once. As a result, the value of digital assets in the market has increased, and the flagship cryptocurrency BTC is no exception, which at the time of writing is trading for $ 23,093, which is 8.56% higher than the same time yesterday.