<br><div><p>Guggenheim Companions Chief Funding Officer Scott Minerd, a high Wall Avenue financier who made waves in crypto markets for his <a target="_blank" href="https://www.coindesk.com/markets/2022/05/24/guggenheims-minerd-says-bitcoin-will-drop-to-8k-we-checked-his-record/" rel="nofollow noopener" data-ylk="slk:ever-shifting calls on bitcoin's price" class="link ">ever-shifting calls on bitcoin's price</a>, died Wednesday after a coronary heart assault on the age of 63.</p><p>The agency introduced his demise in a <a target="_blank" href="https://www.prnewswire.com/news-releases/guggenheim-partners-announces-the-untimely-and-unexpected-death-of-scott-minerd-301709159.html" rel="nofollow noopener" data-ylk="slk:statement" class="link ">statement</a> Thursday. He was a daily presence on the financial-news cable community CNBC. In response to the assertion, he had turn out to be the general public speaker for Guggenheim, together with serving as a senior chief and a mentor.</p><p>"Scott was a key innovator and thought chief who was instrumental in constructing Guggenheim Investments into the worldwide enterprise it's at this time," CEO Mark Walter mentioned within the assertion.</p><p>Amongst funding executives in conventional finance, Minerd was notoriously prepared to enterprise predictions on the bitcoin (<a target="_blank" href="https://www.coindesk.com/price/bitcoin/" rel="nofollow noopener" data-ylk="slk:BTC" class="link ">BTC</a>) worth, a few of them fairly excessive, and usually with blended success.</p><p>In December 2020, for instance, when bitcoin was buying and selling round $20,000, he mentioned that the cryptocurrency "<a target="_blank" href="https://www.coindesk.com/markets/2020/12/16/guggenheim-cio-says-bitcoin-should-be-worth-400000/" rel="nofollow noopener" data-ylk="slk:should be worth around $400,000" class="link ">should be worth around $400,000</a>." The BTC worth climbed to simply above $40,000 in January 2021 and peaked round $69,000 late final yr.</p><p>In Could, when bitcoin was round $29,000, he <a target="_blank" href="https://www.cnbc.com/2022/05/23/bitcoin-btc-could-fall-to-8000-a-70percent-drop-guggenheims-minerd.html" rel="nofollow noopener" data-ylk="slk:told CNBC" class="link ">told CNBC</a> it may fall to $8,000. It is now round $16,600.</p><p>As just lately as final week, he <a target="_blank" href="https://www.bloomberg.com/news/articles/2022-12-14/guggenheim-cio-minerd-warns-another-shoe-to-drop-in-ftx-crypto-fallout?sref=3REHEaVI" rel="nofollow noopener" data-ylk="slk:told Bloomberg Television" class="link ">told Bloomberg Television</a> that there was "one other shoe to drop" from final month's <a target="_blank" href="https://www.coindesk.com/markets/2022/11/12/the-epic-collapse-of-sam-bankman-frieds-ftx-exchange-a-crypto-markets-timeline/" rel="nofollow noopener" data-ylk="slk:collapse of Sam Bankman-Fried's FTX crypto exchange" class="link ">collapse of Sam Bankman-Fried's FTX crypto exchange</a>.</p><p>"This is rather like any variety of durations the place we had straightforward cash and quite a lot of hypothesis," he advised the channel. "The weakest gamers fall first. Crypto was clearly one thing that's loopy."</p></div>