Guggenheim’s Minerd Predicted Bitcoin at $15K and $400K. Now He’s Bowing Out Entirely

Guggenheim’s Minerd Predicted Bitcoin at K and 0K. Now He’s Bowing Out Entirely
Guggenheim Chief Investment Officer Scott Minerd says he’s no longer invested in bitcoin after he predicted earlier this year that the cryptocurrency could hit $600,000.“The one thing I learned as a bond trader years ago, when you don’t understand what’s happening, get out of the market,” Minerd said in an interview on CNBC from the Milken Conference in Los Angeles. “So discipline tells me now I don’t fully understand this.”He pointed out how if someone had invested in $1,000 in the Shiba coin in February, they would have made $2.1 million today.In February Minerd predicted that bitcoin could hit $600,000…