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Seeking Alpha 2021-05-25 20:02:22

Guggenheim's Minerd expects bitcoin to fall further, stock market correction

Guggenheim Partners Scott Minerd expects bitcoin may fall further.“You can afford to be patient here. There’s more to go,” Minerd said in an interview on CNBC earlier.Minerd also said he expected a correction in the stock market."We're do for a correction," Minerd said. "For the next six months I think we're going to get a pullback of maybe 10% or so, but ultimately I think we'll see the S&P at 5,000 and possibly higher."Minerd said about a month ago that he saw a major correction for bitcoin as part of its evolution. He said at the time that the cryptocurrency could drop 50% in such a correction, pulling back to $20K-$30K.

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