“Guggenheim Macro Opportunities Fund may seek investment exposure to Bitcoin indirectly through investing up to 10% of its net asset value in Grayscale Bitcoin Trust (“GBTC”), a privately offered investment vehicle that invests in Bitcoin. To the extent the Fund invests in GBTC, it will do so through the Subsidiary.” Stated the SEC filing.
Guggenheim predicted $400K for Bitcoin before
In fact, Minerd’s comment isn’t the first of its kind. The Wall Street investor told Bloomberg in December that the cryptocurrency should be worth $400,000 because of its limited supply and value compared with gold.
“Our fundamental work shows that Bitcoin should be worth about $400, 000,” Minerd told Bloomberg in December.
Minerd also praised Elon Musk’s support of Bitcoin. He said that Musk’s support to BTC is a “good thing”. Minerd added that he sees Musk as a visionary entrepreneur and his support for Bitcoin is a proof that the crypto industry is gaining approval among billionaires and major companies.
