Guggenheim CIO Scott Minerd, has come under the scanner on social media for his changing predictions on BTC

On Tuesday, Guggenheim CIO Scott Minerd has said that the price of BTC could reach $600,000 in the future, and previously he has predicted that the price would reach $400,000 in the future. Now, his apparent shift from bullish to bearish and back again to bullish of an SEC filing pertaining to a half-billion-dollar investment in BTC has been raising eyebrows on social media.
The observation was made after approximately $500 million in BTC was moved from Coinbase into a series of private wallets on Jan. 31, which corresponds with an amount and effective date in an SEC filing by Guggenheim Funds Trust.

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On Jan 21, Minerd has said that BTC would see a “full retracement back toward the 20,000 level,” and that it was unlikely to head any higher before 2022.
In an interview with Bloomberg Television on Jan. 27, he said that institutional demand for Bitcoin was not high enough to keep it above $30k.

From Jan 31, he is maintaining a bullish sentiment on Bitcoins.
Believing they were witnessing a wide discrepancy in publicly aired sentiment that may have consciously been of benefit to Guggenheim, many took to Twitter and Reddit to highlight Minerd’s seemingly contrary statements, as well as their timing and significance.

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Some have even tagged it as FUD, but there is no evidence. They may be just responding according to the market sentiment.
One user wrote on Twitter that, “Guggenheim started buying Bitcoin in December. “When the price increased in January, Minerd trashed BTC on media to keep the price down until finished buying.”
The Guggenheim Partners, a $275 billion financial services company, have filled SEC amendment in Nov 2020 and decided to invest in BTC public, in which $500 million was to be allocated for investment in Grayscale Bitcoin Trust.