The cryptocurrency industry is a pretty big ecosystem with people from all walks of life. While names such as Michael Saylor and Nayib Bukele are expressing their faith in crypto day by day, some names maintain their critical points of view. At this point, Scott Minerd, the global Chief Investment Officer of Guggenheim Partners, is one of the names who changed sides. Minerd, who made crypto investments for such a period, now likened cryptocurrencies to the dot-com bubble.
Scott Minerd: I Don’t Think Crypto Has Completely Crashed Yet
Scott Minerd, Guggenheim Partners’ global Chief Investment Officer, spoke to Bloomberg recently. While renewing his opposing views on crypto once again, Minerd stated that he thinks the declines will still continue.
Minerd made the following statements in his speech:
“I think even more crypto will drop and we will have something akin to the collapse of the internet bubble to have a chance to figure out who is the winner and who is the loser here. Because I don’t think we’ve completely cleaned the system yet.”
According to Minerd, it makes sense to take advantage of the opportunity to see higher prices in the near term. However, Minerd feels that as an investor, cryptocurrencies are under pressure due to regulatory uncertainty.
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