Scott Minerd, the chief funding officer of the multinational funding firm Guggenheim Partners and a well-liked crypto forecaster, has died.
In a press release on Thursday, the corporate confirmed the information, saying that Minerd, 63, suffered a coronary heart assault throughout his common exercise on Wednesday.
Guggenheim Partners is a worldwide funding and advisory agency with greater than $285 billion in belongings underneath administration. The firm specialised in funding banking, asset administration, capital markets companies, and insurance coverage.
Minerd, who has been on the agency for the previous 25 years, grew to become a prolific commentator on monetary and crypto markets and was typically quoted by the media. He additionally held the position of managing accomplice at Guggenheim.
As the group mourns the premature demise of the analyst, some business veterans have despatched their condolences. Mark Walter, chief government and a founder of Guggenheim Partners, mentioned within the agency’s assertion:
“Scott was a key innovator and thought chief who was instrumental in constructing Guggenheim Investments into the worldwide enterprise it’s at present. He will probably be enormously missed by all. My deepest condolences are together with his husband, household and family members.”
Other high Wall Street figures have additionally paid tributes to him. “Scott was an incredible colleague who referred to as them as he noticed them,” mentioned Brian Moynihan, chief government of Bank of America Corp. “We will miss him.”
Billionaire investor William Ackman said on Twitter:
“I’m deeply saddened to listen to about ScottMinerd’s demise. He was a superb man whom I acquired to know within the final 5 or so years. He was an quaint handshake businessman whose phrase was his bond. He was additionally lots of enjoyable.”
Minerd, who was considered one of the US “bond kings,” will even be remembered for his crypto forecasts. In February final yr, Minerd instructed CNN that he may see Bitcoin, which on the time was buying and selling round $40,000, ultimately soar to as a lot as “$400,000 to $600,000.”
However, in late May, he predicted that Bitcoin may fall to $8,000 from its present degree of round $30,000 amid the broader crypto market meltdown.
He additionally lately mentioned the collapse of FTX, as soon as the third-largest crypto change on the earth, in a televised interview. At the time, he mentioned many extra crypto corporations would declare chapter or stop operations as a result of FTX epidemic spreading all through the business.