Scott Minerd, 63, head of investment at Guggenheim Partners, who often commented on the crypto market and gave inconsistent predictions about bitcoin, died suddenly of a heart attack.
Scott Minerd died of a heart attack on the morning of December 22 during training, Guggenheim Partners announced. Meinerd joined Guggenheim as a managing partner shortly after the company’s founding and has been with the company for about 25 years.
Prior to joining the Guggenheim, Meinerd held financial positions in fixed income trading and risk management. These companies included Credit Suisse First Boston and Morgan Stanley. In addition, Minerd was a member of the Federal Reserve Bank of New York’s Financial Markets Investor Advisory Committee, where he participated in financial and economic discussions.
“I have known Scott for over 30 years. He was a key innovator and idea generator who played a major role in the development of the international company Guggenheim Investments, ”Mark Walter, CEO and founder of Guggenheim Partners, commented on the death of a partner.
As a well-known Wall Street financier, Minerd has often appeared on television and on social media commenting on the cryptocurrency market. Last week, he suggested that the effects of the FTX crash are not yet over and that the cryptocurrency market will continue to “wash out money”, as happened with the Internet bubble in the 2000s.
The Guggenheim top executive is also known for his ever-changing bitcoin predictions. Last year, Minerd compared bitcoin to another “tulip fever,” and in May, a cryptocurrency skeptic suggested that bitcoin would crash to $8,000 in the near future. However, Minerd was not always skeptical of cryptocurrencies. Previously, he estimated the fair price of bitcoin at $400,000.
Source: Bits
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