Money: shares Bitcoin & Co: Guggenheim CIO expected slump in autumn

MEGA Current bill: Ukrainian Kryptomin used PlayStation-4 consoles

 MEGA Current bill: Ukrainian Kryptomin used PlayStation-4 consoles An unusual device selection met Kryptominer in Ukraine - they poured on thousands of PlayStation-4 consoles. The high power consumption even called the secret service to the plan. © SBU Kryptomining on PlayStation-4 consoles. The high power consumption is not just a huge cost factor in Kryptomining . Finally, the mining of a single bitcoin should devour several tens of thousand kilowatt hours.

the financial markets is a turbulent autumn before, believes Guggenheim manager Scott Minerd. The expert expects not only with a massive sales on the stock market, but also says a crash ahead for the crypto market.

DANIEL ROLAND/AFP/Getty Images © Contributed by DANIEL ROLAND / AFP / Getty Images

Guggenheim CIO sees shares in October 15 percent deeper

Bitcoin could be halved

high-yield bonds currently too expensive

inflation concerns, possible adjustments in monetary policy and the fear have caused high anxiety among investors in recent weeks from the effects of delta variant of the coronavirus. Even Scott Minerd, chief investment officer of asset management Guggenheim Investment, sees a dangerous conflict situation and expects in autumn with sharp price declines.

bitcoin indicators point to the end of consolidation

 bitcoin indicators point to the end of consolidation after the steep price drop in April and May of this year, in which the bitcoin course has almost halved, the crypto currency consolidates the range between $ 30,000 and $ 40,000. However, two indicators suggest that the bitcoin could break out upwards. Lault here a good chance of purchase? © Provided by Toru Yamanaka / AFP / Getty Images • Bitcoin is located after crash in consolidation phase • Bollinger bandwidth and stock-to-flow model could indicate upswing • Bitcoin community c

shares pullback of 15 percent

In an interview with "Bloomberg Television" the expert, what might be in the investors after the summer explains: "September and October this year will probably be very hard." In stocks, he expects massive price declines, "maybe a pullback of 15% or a little more."

Here Minerd various risk factors has identified for the markets. First, he calls in this context a faster-than-expected reduction of asset purchases by the US Federal Reserve. The spread of the Delta variant of COVID-19 is his view by beating on the stock market after stressful.

a longer-term decline does not expect the Guggenheim CIO but apparently: "As soon as are the Dodgers at the opening game of the World Series here, I think that you can buy," he says. The first game that competes in the defending champion Los Angeles Dodgers, has been scheduled for 26 October.

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 Bitcoin vs. Ether: Here Goldman Sachs sees significantly more potential while the bitcoin is still perching at the top, the US large bank Goldman Sachs also measures a lot of potential. As a safe harbor, however, none of these crypto currencies is suitable, here is another asset number one. © Provided by Hannelore Foerster / Getty Images • Ether could take Bitcoin the rank • Ether with the highest real usage value • Gold remains secure port Bitcoin vs.

Many crypto currencies "just scrap"

side shares According Minerd also crypto currencies are experiencing a harsh autumn. When crypto Primus Bitcoin he expects a continuation of the price decline, down to $ 15,000, it could, in his opinion go down. Thus, the world's largest cryptocurrency would halve the current level of about. "As more air is let out," says Minerd. The standard bear market for Bitcoin is a 80-percent pullback, "given all the uncertainty and the new competition from new coins, I think that there is further downside potential."

"There's silence more air to come out of this."

Guggenheim's Scott Minerd says Bitcoin Could drop to $ 15,000

- Bloomberg TV (@BloombergTV) July 22, 2021

He sees crypto systems as a whole is currently critical , "A lot of this stuff is just junk," he says in an interview. - Bitcoin trade Plus 500 - as it gets. 72% of private investor accounts lose money if you are using this provider CFDS . You should carefully check if you can afford to take the high risk of losing your money. - whether the recent underperformance of Bitcoin a bad sign for risk assets and could be "canary in the coal mine, which tells us that we will have to risk assets and especially equities more problems" of. would in the long run Minerd rather rely on Ethereum place on Bitcoin: This cryptocurrency was "viable".

Better opportunities for high-yield bonds come

also high-yield bonds are not recommended at this time. These are currently extremely expensive, this will come in the coming months better buying opportunities, the Guggenheim manager believes. "We are coming into a seasonal difficult time for risk assets, and it might be a better entry point if you want to engage in high-yield bonds, the case than it is today," said Minerd.


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the Mainzer again raise the forecast for sales with its Covid-19 vaccine. BIONTECH becomes the number two among the German pharmaceuticals. © DPA Overall, the company now piles a production capacity of three billion doses by the end of the year. The success in Covid vaccine development will catapult the biotech company BIONTECH on a blow under the largest German pharmaceutical manufacturers. This underline the half-year figures published on Monday and new sales forecasts for 2021.

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