Popular crypto forecaster Scott Minerd of Guggenheim Partners dies unexpectedly

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Image source: CNBC

Scott Minerd, Chief Investment Officer of multinational investment firm Guggenheim Partners and popular crypto forecaster, has died.

In a press release on Thursday, the company confirmed the news, saying that Minerd, 63, suffered a heart attack while training regularly on Wednesday.

Guggenheim Partners is a global investment and advisory firm with over $285 billion in assets under management. The company specializes in investment banking, asset management, capital market services and insurance.

Minerd, who has been with the firm for 25 years, has become a prolific commentator on the financial and crypto markets and has been quoted frequently by the media. He also served as Managing Partner of the Guggenheim.

As the community mourns the analyst’s untimely death, some industry veterans have sent their condolences. Mark Walter, Managing Director and Founder of Guggenheim Partners, said in the company’s statement:

“Scott was a key innovator and thought leader who helped make Guggenheim Investments the global company it is today. He will be sorely missed. My deepest condolences go out to his husband, family and his relatives.”

Other Wall Street personalities also paid tribute to him. “Scott was a great colleague who called them what he saw them,” said Brian Moynihan, chief executive of Bank of America Corp. “We will miss him.”

Billionaire investor William Ackman said on Twitter:

“I am deeply saddened to learn of the death of ScottMinerd. He was a brilliant man whom I have come to know over the past five years or so. He was an old-fashioned businessman, whose word was his bond. He was also a lot of fun.”

Minerd, who was considered one of America’s “Bond Kings”, will also be remembered for his crypto predictions. In February of last year, Minerd told CNN he could see Bitcoin, which at the time was trading around $40,000, eventually climbing to “$400,000 to $600,000”.

However, in late May, he predicted that Bitcoin could fall to $8,000 from its current level of around $30,000 amid the broader crypto market meltdown.

He also recently discussed the collapse of FTX, once the world’s third-largest crypto exchange, in a TV interview. At the time, he said that many other crypto companies would declare bankruptcy or go out of business due to the spread of the FTX outbreak in the industry.

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