Guggenheim Partners Launches A New Fund, With Potential Bitcoin Exposure
Guggenheim Partners, a $315 billion investment firm, could be looking for further access to the crypto market through a new fund.
According to this week’s filing, the firm registered the Guggenheim Active Allocation Fund, which will invest in financial products, such as derivatives, whose value tracks that of underlying crypto assets.
Earlier in May, Scott Minerd, investment director of Guggenheim Partners, called cryptocurrencies a bubble. In April, he warned of a possible correction of Bitcoin to $ 20,000.
However, Minerd has no doubts about the long-term prospects of Bitcoin; according to his forecast, the price could rise to $ 600,000.
