Scott Minerd, Chief Investment Officer (CIO) of the world-renowned global investment and advisory company Guggenheim Partners, warned investors that other crises are looming after the FTX bankruptcy, and said that the era of easy money making from crypto is over.
famous fund manager Scott Minerd In a recent interview with Bloomberg, he described the cryptocurrency market after the FTX bankruptcy. in other crises. He claimed he was waiting. The current state of the crypto money industry in the early 2000s. to the internet bubble The liken executive still thinks that the cryptocurrency industry sure to improve underlined that.
Expressing that he is sure that there will be other bankruptcies in the crypto money market, Minerd said which companies will go bankrupt. can’t say but from the future of bankruptcies that you are sure expressed. The reason for this to be sure easy money making with the end the weakest He stated that the rings will leave the chain one by one.
While talking about the cryptocurrency market a year ago, about 19,000 tokens The manager reminded that these tokens are just like the internet bubble. some will be deleted suggested.
Minerd still does not know how to use cryptocurrency technology yet. in its infancy and that there is a way to legitimize it in the development process. to the regulatory framework expressed the need. Manager, cryptocurrency and blockchain technology believes that it will continue to exist in the market stressed.
Minerd in May Bitcoin (BTC) 30,000 dollars In a prediction made while hovering above the levels, in case of loss of these support levels, together with the restrictive policy of the FED. $8,000until one drop He said he was waiting.