As The Bitcoin Price Suddenly Surges, Here’s The Case For A $12 Trillion Total Bitcoin Value – Forbes

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Bitcoin has suddenly surged higher this week, again climbing over the closely-watched $40,000 per bitcoin level—with “joke” cryptocurrency dogecoin also finding unexpected support from surprising sources.

The bitcoin price, now up almost 250% since October, has confounded many who had warned it was poised for an immediate and steep correction.

Now, Scott Minerd, chief investment officer of the multi-billion dollar investment giant Guggenheim Partners, has predicted bitcoin could climb as high as $600,000 per bitcoin—a price that would make bitcoin’s total value around $12 trillion.

MORE FROM FORBESData Reveals Bitcoin Could Be About To Become The New GameStop After Huge Price Spike

“We’ve been looking at bitcoin for almost 10 years,
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