{"id":170348,"date":"2021-02-04T05:56:17","date_gmt":"2021-02-04T02:56:17","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/guggenheim-cio-under-fire-for-the-timing-of-his-changing-btc-sentiment\/"},"modified":"2021-02-04T05:56:17","modified_gmt":"2021-02-04T02:56:17","slug":"guggenheim-cio-under-fire-for-the-timing-of-his-changing-btc-sentiment","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/guggenheim-cio-under-fire-for-the-timing-of-his-changing-btc-sentiment\/","title":{"rendered":"# Guggenheim CIO under fire for the timing of his changing BTC sentiment"},"content":{"rendered":"<p>&#8220;<strong># Guggenheim CIO under fire for the timing of his changing BTC sentiment <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvNmE5YjE1YzctZjczZS00Mzc2LTk2MjMtMTM1NTQ2OWQzMzNjLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Guggenheim CIO Scott Minerd\u2019s <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>arent shift from bullish to bearish and back again on either side of an SEC filing pertaining to a half billion dollar investment in BTC has been raising eyebrows on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a>.<\/p>\n<p>The observation was<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/pkr_btc\/status\/1356965691526680584\"> made<\/a> after approximately $500 million in BTC was moved from Coinbase into a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of private wallets on Jan. 31, which corresponds with an amount and effective date in a SEC<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/sec.report\/Document\/0001628280-20-016852\/#s65AABB22DA0B5D58B396AB32D9E161B7\"> filing<\/a> by Guggenheim Funds Trust.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I looked in to the 14K <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> transaction from earlier<\/p>\n<p>Split over 8 nicely mixed wallets, with some outputs going to a bunch of other non related wallets<\/p>\n<p>~14466 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> which is approximately $500 million <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/pXVUZdvRxv\">pic.twitter.com\/pXVUZdvRxv<\/a><\/p>\n<p>\u2014 \/\/Bitcoin ack  (@BTC_JackSparrow) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BTC_JackSparrow\/status\/1356335160157990912?ref_src=twsrc%5Etfw\">February 1, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Prior to the filing, Minerd hit the headlines on Jan. 21, when he tipped BTC would see a \u201cfull retracement back toward the 20,000 level,\u201d and that it was unlikely to head any higher before 2022.<\/p>\n<p>In an<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bnnbloomberg.ca\/minerd-says-institutional-demand-can-t-justify-bitcoin-s-price-1.1555175\"> interview<\/a> with Bloomberg Television on Jan. 27, he said that institutional demand for Bitcoin was not high enough to keep it above $30k.<\/p>\n<p>But since Jan 31, Minerd has significantly broadened his high end price estimation for Bitcoin, claiming it has the potential to reach $600,000 in an<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/jchatterleyCNN\/status\/1356706642176462856\"> interview<\/a> with CNN on Tuesday, based on its scarcity and the value of gold. This was up from his December estimation, based on research and analysis by Guggenheim Partners, that suggested Bitcoin\u2019s fair price in the long term to be around $400,000. <\/p>\n<p>Believing they were witnessing a wide discrepancy in publicly aired sentiment that may have consciously been of benefit to Guggenheim, many took to Twitter and Reddit to<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MadelonVos__\/status\/1357111315534405639\"> highlight<\/a> Minerd\u2019s seemingly contrary statements, as well as their timing and significance.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Remember Guggenheim wants you to sell <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#bitcoin<\/a> so they may buy lower. Been trying to scare the market into thinking price will crash to $20,000, even though they think its worth $400,000. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/B4woO5ULcW\">https:\/\/t.co\/B4woO5ULcW<\/a><\/p>\n<p>\u2014 Alex Kr\u00fcger (@krugermacro) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/krugermacro\/status\/1356349311261560833?ref_src=twsrc%5Etfw\">February 1, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Some labelled it<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoQuant\/status\/1357072468389756928\"> manipulation<\/a> and others \u201c<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/did-the-massive-coinbase-outflow-of-14000-bitcoin-belong-to-guggenheim\/\">FUD<\/a>\u201d although there\u2019s no evidence Minerd isn\u2019t simply responding to fast moving events in the cryptocurrency markets. <\/p>\n<p>\u201cI\u2019ve been saying this all along,\u201d <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Asher68W\/status\/1357101764470661122\">said<\/a> user Asher68W on Twitter. \u201cGuggenheim started buying Bitcoin in December. \u201cWhen the price increased in January, Minerd trashed BTC on media to keep the price down until finished buying.\u201d<\/p>\n<p>A $275 billion financial services company, Guggenheim Partners made the decision to invest in Bitcoin public with the filing of a SEC amendment in Nov. 2020, in which $500 million was to be allocated for an investment in Grayscale Bitcoin Trust.<\/p>\n<p>A request for comment from Guggenheim Investments, the global asset management division of Guggenheim Partners, did not receive an immediate response.<\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/guggenheim-cio-under-fire-for-the-timing-of-his-changing-btc-sentiment\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Guggenheim CIO under fire for the timing of his changing BTC sentiment &#8221; Guggenheim CIO Scott Minerd\u2019s apparent shift from bullish to bearish and back again on either side of an SEC filing pertaining to a half billion dollar investment in BTC has been raising eyebrows on social media. The observation was made after&#8230;<\/p>\n","protected":false},"author":1,"featured_media":170349,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvNmE5YjE1YzctZjczZS00Mzc2LTk2MjMtMTM1NTQ2OWQzMzNjLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74956,75238,76550,117,10401],"class_list":["post-170348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-coinbase","tag-financial-services","tag-grayscale","tag-business","tag-twitter"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/170348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=170348"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/170348\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/170349"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=170348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=170348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=170348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}