Guggenheim CIO Calls Crypto 'Tulipmania' After Predicting Bitcoin Will Hit $600,000
Guggenheim’s Chief Investment Officer turned bearish on cryptocurrency after Bitcoin’s drop to $30,000 on Wednesday.
What Happened: Scott Minerd, chief investment officer at Guggenheim Partners, seemingly reversed his stance on crypto after Wednesday’s selloff as he took to Twitter to state that it has proven to be “Tulipmania.”