Scott Mined joins CNBC to discuss the threat of cyber attacks on the financial markets. Minerd comments that investors have been unprepared for the threat of cyber attacks on the most critical parts of the financial infrastructure.
Guggenheim Partners’ Scott Minerd, who warned last month about a bitcoin collapse, predicts the world’s biggest cryptocurrency is poised for further decline. “You can afford to be patient here. There’s more to go,” Minerd said in an interview that aired Tuesday on CNBC’s “Worldwide Exchange.” Previously, Minerd said bitcoin could plunge 50% in the near term to between $20,000 to $30,000. He was right.
Guggenheim Global Chief Investment Officer Scott Minerd discusses the risks he sees for markets, the outlook for regulation of special purpose acquisition companies (SPACs), and the likelihood of another Wall Street firm imploding in a manner similar to Archegos Capital Management. He speaks on "Bloomberg Markets: The Close."
Guggenheim Investments Chairman Scott Minerd said it’s only a matter of time before another firm implodes in a manner similar to Bill Hwang’s Archegos Capital Management. “It is highly likely that we are going to have another situation like that,” Minerd said Monday in a Bloomberg Television interview. Major losses, such as those incurred by Archegos, “tend to continue to cascade until the market corrects and flushes the risk out of the system,” he said.
Scott Minerd, Global Chief Investment officer of Guggenheim Partners, joins 'Closing Bell' to discuss whether stimulus will improve the weakened U.S. dollar.