Guggenheim's Minerd on Crypto: 'Everything Is Suspect'

Guggenheim Partners Global CIO Scott Minerd says cryptocurrencies haven't become a credible institutional investment, calling them the market of "a bunch of yahoos and backwaters" where "everything is suspect." Speaking to Bloomberg Television at the World Economic Forum in Davos, Switzerland, Minerd also discusses Federal Reserve policy and outlook for the US dollar.

[aleksanderdomberg]

Firstly, Bloomberg is providing quality content, thank you for that. Second, Scott is the goat. Every time he speaks he unleashes a breadth of knowledge. I’m always able to learn from him!

[KingKoin]

This guy called BTC $20k in mid 2021, it went to $69k, then he said he doesn’t get crypto. Now he’s an expert again💩

[Stoneface_]

2020: Guggenheim Partners CIO Scott Minerd says Bitcoin should be worth $400, 000.

2022: Minerd says Bitcoin will fall to $8, 000.

[janreichenbach]

Scott Minerd and Bobby "Robert" Prechter are my favorite contraindicators. Prechter is #1 in terms of getting it completely wrong for now 35 years, I read that investors who followed his advice would have lost 98% since 1985, he's a permabear for the US stock market called for a big bear market in 1995 an on and on.

[farnio]

Minerd, watch your health. You're struggling to just talk mate!

[paulgut]

May Scott Rest In Peace and his family be consoled during this Holiday season. I will say one thing everyone can see, this man was JACKED muscle wise.

[barrettl]

In a year or two he will suddenly announce how he's bullish when it breaks 70k after never going below 20k. He's just trying to fill his orders.

[rosasammie]

Hello, I'm new to forex trade And have been making huge losses but I recently see a lot of people earning from it. Can someone please tell me what I'm doing wrong

[stephencuskley]

We need a deep dive on the viability of crypto as a currency almost as much as we need a deep dive on the theory that printing money causes inflation.

[lunarllama]

I'm no longer waiting for the stimulus check because I earn $22, 000 every 14-16 day's recently💯💯👆

[steveg]

Bit coin my friends is a bubble....and the bubble is a bursting !

[animusadvertere]

Crypto is not currency. Nearly anything is more reliable. IOUs written in crayon for instance.

[billysmith]

I've been procrastinating to start up this Bitcoin investment trading please what are the requirements

[chessdad]

Tulip bulbs are great stores of value.

[leiwei]

<Lately, it’s been so rough for me trading on my own because I have had so much losses. I use to trade so well using Demo. I think the real market is manipulated. Please, can anyone help me out or tell me what I’m doing wrong.

[salt]

He doesn’t buy into stagflation? He seems old enough to remember the 70s. It’s not a matter of “buying into” something that has happened historically.

[kevinq]

Bitcoin value has the same value of a digital beanie baby

[chcknball]

Funny how they ask about the number but not how he got to that number lol

[BlackSwansFine-jxqu]

None of the thousands of cryptos, trillions of gold, trillions of printed units of currency have anything on Silver. All the investment grade 1000 ounce silver bars left on the comex are worth as much as dogecoin and Shiba Inu combined. Silvers market cap is dwarfed by everything you could compare it too!

[Random.Adventures.]

Rest in peace. I wonder were he is right now in the after life