Saturday, November 26, 2022

Guggenheim’s Scott Minerd Is Perplexed by Shiba Inu Boom

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Alex Dovbnya

After a series of failed Bitcoin predictions, Scott Minerd cannot figure out what’s driving Shiba Inu’s wild price action

During a recent interview with CNBC’s Brian Sullivan, Guggenheim Partners CIO Scott Minerd spoke about missing out on the Shiba Inu rally.

The executive of the $325 billion investment firm wishes he had invested a hundred thousand into SHIB:

Back in February or March, if you’d invested a thousand dollars into Shiba Coin, you would have $2.1 million today…I wish I’d invested a hundred thousand.

Yet, Minerd appears to be perplexed by SHIB’s rise, urging those who don’t understand the market to get out of it:

If you don’t understand what’s happening, get out of the market.  

Last week, Scion Asset Management head

Minerd gained notoriety for his Bitcoin price predictions within the cryptocurrency space.

As reported by U.Today, the 62-year-old Pennsylvania native infamously forecasted that $10,000 could be Bitcoin’s “real bottom” in late June.

The largest cryptocurrency is up 94% since that comment.      

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