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Guggenheim’s Minerd Predicted Bitcoin at $15K and $400K, Now He’s Out Entirely

Scott Minerd, chief investment officer of Guggenheim Investments, said he’s no longer invested in bitcoin after he predicted earlier this year that the cryptocurrency could hit $600,000. “The one thing I learned as a bond trader years ago, when you don’t understand what’s happening, get out of the market,” Minerd said in an interview on CNBC from the Milken Conference in Los Angeles. In February, Minerd predicted that bitcoin could hit $600,000 after saying in December that bitcoin could reach $400,000.

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