{"id":81624,"date":"2022-05-24T00:13:58","date_gmt":"2022-05-24T04:13:58","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=81624"},"modified":"2022-05-23T22:06:04","modified_gmt":"2022-05-24T02:06:04","slug":"bitcoin-could-fall-to-8000-a-more-than-70-plunge-guggenheims-minerd-says","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2022\/bitcoin-could-fall-to-8000-a-more-than-70-plunge-guggenheims-minerd-says.html","title":{"rendered":"Bitcoin could fall to $8,000, a more than 70% plunge, Guggenheim\u2019s Minerd says"},"content":{"rendered":"\n<p>(CNBC) <a href=\"https:\/\/www.cnbc.com\/quotes\/BTC.CM=\">Bitcoin<\/a> could drop further and fall to $8,000 from its current levels, Guggenheim Chief Investment Officer Scott Minerd predicted Monday. That would represent a more than 70% drop to Monday morning\u2019s price of just over $30,000. \u201cWhen you break below 30,000 [dollars] consistently, 8,000 [dollars] is the ultimate bottom, so I think we have a lot more room to the downside, especially with the Fed being restrictive.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/05\/23\/bitcoin-btc-could-fall-to-8000-a-70percent-drop-guggenheims-minerd.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Bitcoin could drop further and fall to $8,000 from its current levels, Guggenheim Chief Investment Officer Scott Minerd predicted Monday. That would represent a more than 70% drop to Monday morning\u2019s price of just over $30,000. \u201cWhen you break [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-81624","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=81624"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81624\/revisions"}],"predecessor-version":[{"id":81625,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81624\/revisions\/81625"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=81624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=81624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=81624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}