Price predictions fluctuate repeatedly, Guggenheim Investments CIO passes away from a sudden heart attack at the age of 63

According to a report by the Associated Press, Scott Minerd, the Chief Investment Officer of Guggenheim Partners, passed away from a sudden heart condition on the afternoon of December 21st in the United States. He was 63 years old.

Guggenheim Partners had bought Bitcoin at a price of $20,000 during the bull market and sold it at $40,000. As the Chief Investment Officer, Scott Minerd has made several price predictions on Bitcoin, causing quite a stir over the past year.

In December 2020, when Bitcoin was trading around $20,000, Scott Minerd predicted that Bitcoin could reach $400,000, and in February of the following year, he raised the prediction to $600,000. However, by late May, Scott Minerd changed his bullish stance and stated that Bitcoin would drop to $8,000.

Last week, when asked about the impact of the FTX incident on the cryptocurrency industry in an interview with Bloomberg, Scott Minerd responded:

"Just like the internet bubble, we will see survivors. The digitization of money is just beginning, and at this stage, the evolution will require a regulatory framework to legitimize it. I think we will continue to move forward, and I think it (cryptocurrency) will be integrated into a broader economy."