Scott Minerd, global chief investment officer of Guggenheim Investments, died Wednesday of a heart attack at the age of 63. He has often caused a stir in the cryptocurrency market by publishing extreme predictions on the price movement of Bitcoin on several occasions.
Scott Minerd has always had the habit of exercising. Guggenheim said in a statement on Thursday that the well-known Wall Street investment guru suffered a heart attack during regular training and died at his home in California on Wednesday.
Guggenheim founder and CEO Mark Walter said in a statement
I have known Scott Minerd for over 30 years, most of that time as a partner. He is a key innovator and thought leader. He played a key role in breaking Guggenheim into a global business. My deepest condolences to his husband, family and loved ones, he will be greatly missed by all.
Among the investment executives in the traditional financial field, Scott Minerd has always been known for his outspokenness. He once predicted that “Bitcoin will rise to $600,000”, but later implied that “Bitcoin has a bubble” when the price of the currency collapsed. Crisis”, and then said that he had washed his hands and no longer invested in Bitcoin. Such erratic rhetoric, of course, cannot avoid being questioned about manipulating the market.
In May of this year, when Bitcoin was around $29,000, he went on to say that Bitcoin could drop to $8,000 and that most cryptocurrencies are rubbish.
