The Crypto Bubble Will Deflate Just Like the Dot-Com Bubble - Scott Minerd

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Chief investment officer of Guggenheim Partners, Scott Minerd predicts Bitcoin would continue deflating further during a recent interview with Bloomberg.

As an investor, Scott thinks that cryptocurrencies are under pressure from a regulatory standpoint and there is no real institutional money to support them.

The investor says that it’s hard to argue that the U.S. is not in a recession, countering Fed Chair Jerome Powell’s claims.