On Wednesday, December 21, Guggenheim Partners made an announcement regarding the “untimely and unexpected death of Scott Minerd, one of Guggenheim’s Managing Partners and its Global CIO.” The cause of death was described as a heart attack during his regular workout regime.
Scott Minerd’s Untimely Death
Global investment and consulting financial services provider Guggenheim Partners offers investment banking, asset management, capital markets, and insurance services.
CEO and founder of Guggenheim Partners, Mark Walter, was quoted saying,
I have known Scott for over 30 years and we were partners much of that time. Scott was a key innovator and thought leader who was instrumental in building Guggenheim Investments into the global business it is today.
Scott’s Final Warning
Scott was a proponent of cryptocurrencies and frequently shared his takes and inputs about the up-and-coming blockchain industry. Quite recently, the late Guggenheim CIO talked about the FTX exchange and its preceding market turmoil in a telecasted interview.
According to him, the FTX saga was not over yet as he predicted further shakeouts in the crypto industry. Scott hinted at multiple crypto companies either filing for bankruptcy or winding up their operations due to the FTX contagion spreading through the industry.
He was famously quoted saying:
There’s another shoe to drop – I can’t tell you where it is. There is going to be wash out just like the internet bubble.
Read More: Scott Minerd Warns Of More Crypto Fallouts Due To FTX Collapse
This is a developing story and is being frequently updated.
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