In a filing with the Securities and Exchange Commission (SEC), Guggenheim acknowledged that Bitcoin is a “highly volatile” asset and its value “could drop precipitously” because of regulatory changes, or change in user preferences to a competing token or even a “crisis of confidence” in the cryptocurrency network.
Bitcoin investors allege Minerd of misleading them
However, some Bitcoin holders and investors suggested that Minerd is trying to mislead investors with his tweet so Guggenheim can later buy at a low price.
Alex Kugler, a Bitcoin holder responded to Minerd’s tweet and said, “This is the same guy who on December 16 said “Bitcoin Should Be Worth $400,000″ and allocating to bitcoin – it’s a little more challenging with the current price closer to $20,000”. Sounds like he wants everyone to dump so his firm may buy the dip.”
On the other hand, Tyler Winklevoss founder of Gemini cryptocurrency exchange is optimistic about Bitcoin, and the price downturn doesn’t seem to bother him, he tweeted “For everyone who missed 33k last time, now’s your chance”
For every one who missed 33k #Bitcoin last time, nows your chance
— Tyler Winklevoss (@tyler) January 11, 2021
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