- Bitcoin should be worth $400,000 based on its finite supply and value compared with gold, Guggenheim’s Scott Minerd told Bloomberg on Wednesday.
- “Our fundamental work shows that bitcoin should be worth about $400,000,” he said. “It’s based on the scarcity and relative valuation such as things like gold as a percentage of GDP.”
- His comments came on the day bitcoin crossed $20,000 for the first time.
- Watch bitcoin trade live here.
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