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Guggenheim Partners CIO Scott Minerd believes there is going to be a crypto washout similar to the internet bubble. “There’s another shoe to drop,” he warned. Nonetheless, the executive is confident that the crypto industry will move forward despite the collapse of crypto exchange FTX. Guggenheim’s Scott Minerd Shares Crypto
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Hearing more negative speculation would be unpleasant for the investors as the recent bloodbath’s catastrophic effects already slowed down crypto markets. But unfortunately, an expert predicted Bitcoin would go far below. Scott Minerd, Chief officer at Guggenheim Partners, a global investment and advisory firm handling $325 billion under its management, speculated
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Scott Minerd, chief investment officer of the multi-billion dollar investment firm Guggenheim Partners, has revised his previous prediction for bitcoin’s long-term price potential.In an interview with CNN’s Julia Chatterley on Tuesday, Minerd said, based on Guggenheim’s fundamental research, he believes bitcoin could eventually climb as high as $600,000 per bitcoin.Minerd
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Three stories1. Federal Reserve Chair Jerome Powell said the U.S. central bank will keep its policies loose. The Fed will maintain its current $120 billion per month bond-buying program until “substantial further progress” is made in terms of inflation and employment.“I’m much more worried about falling short of a complete
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Guggenheim Partners is a privately owned global investment and advisory firm with headquarters in Chicago and New York. Originally founded by the Guggenheim family back in the late 19th century, the investment firm currently manages over $295 billion in assets and provides a range of insurance, capital markets, and real estate
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In its filing with the US SEC, Guggenheim says that it wants to facilitate a 10% exposure from its $5 billion Macro Opportunities Fund, to Bitcoin. The investment, however, will happen through the Grayscale Bitcoin Trust and could be the biggest institutional investment after MicroStrategy.The Chicago-based global investment giant Guggenheim
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Guggenheim Funds Trust filed an amendment with the U.S. Securities and Exchange Commission to allow its $5 billion Macro Opportunities Fund gain exposure to bitcoin by investing up to 10% of the fund’s net asset value in the Grayscale Bitcoin Trust (GBTC). Source
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An SEC filing on Friday indicates that the next Wall Street institution to take a public position in Bitcoin may also be among the largest yet: the $275 billion financial services firm Guggenheim Partners. The Guggenheim filing allows the Macro Opportunities fund to purchase GBTC, a publicly-traded Bitcoin investment vehicle from
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A prominent Taiwanese-American multimedia artist considered a pioneer of internet-based art is releasing her work on blockchain-based platform MakersPlace. Source
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