U.S. markets closed
  • S&P 500

    3,841.94
    +73.47 (+1.95%)
     
  • Dow 30

    31,496.30
    +572.20 (+1.85%)
     
  • Nasdaq

    12,920.15
    +196.65 (+1.55%)
     
  • Russell 2000

    2,192.21
    +45.29 (+2.11%)
     
  • Crude Oil

    66.28
    +0.19 (+0.29%)
     
  • Gold

    1,698.20
    -0.30 (-0.02%)
     
  • Silver

    25.30
    +0.01 (+0.03%)
     
  • EUR/USD

    1.1923
    -0.0056 (-0.47%)
     
  • 10-Yr Bond

    1.5540
    +0.0040 (+0.26%)
     
  • GBP/USD

    1.3832
    -0.0062 (-0.45%)
     
  • USD/JPY

    108.2470
    +0.2710 (+0.25%)
     
  • BTC-USD

    50,047.95
    +1,437.81 (+2.96%)
     
  • CMC Crypto 200

    982.93
    +39.75 (+4.21%)
     
  • FTSE 100

    6,630.52
    -20.36 (-0.31%)
     
  • Nikkei 225

    28,864.32
    -65.78 (-0.23%)
     

Bitcoin Institutional Demand Can't Support $30K Valuation: Guggenheim's Minerd

Jan.27 -- Guggenheim Global Chief Investment Officer Scott Minerd says the investor base for Bitcoin isn't currently large enough for its price to rise to projected valuations. "The institutional demand that would support a $35K or even a $30K price is just not there," he says on "Bloomberg Markets: The Close."