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Guggenheim CIO Warns The Crypto Market Will Fluctuate Over The Long Weekend

Mary Liu

Summary: Scott Minerd, Chief Investment Officer of Guggenheim reminds people of market volatility.  He tweeted today: "Crypto investors be warned: be prepared for a volatile holiday weekend."  Minerd had predicted that the cryptocurrency market will take some time to recover, but Bitcoin and Ethereum will eventually become one of the very few survivors.  Bitpush data shows ...

Scott Minerd, Chief Investment Officer of Guggenheim reminds people of market volatility. 

He tweeted today: "Crypto investors be warned: be prepared for a volatile holiday weekend." 

Minerd had predicted that the cryptocurrency market will take some time to recover, but Bitcoin and Ethereum will eventually become one of the very few survivors. 

Bitpush data shows that Bitcoin fell by 37% in May, the worst month since September 2011. As of press time, the trading price is around $36K, a daily decline of nearly 8%.

By Mary Liu

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