Guggenheim Partners Global CIO Scott Minerd says cryptocurrencies haven't become a credible institutional investment, calling them the market of "a bunch of yahoos and backwaters" where "everything is suspect." Speaking to Bloomberg Television at the World Economic Forum in Davos, Switzerland, Minerd also discusses Federal Reserve policy and outlook for the US dollar.
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Francisco Gimeno - BC Analyst "Everything is suspect" in crypto now. Prices, stablecoins, altt coins, even BTC. Why? Because after all this time crypto has not reached enough credibility to be used massively as store of value or digital asset etc. The word is "massively". Instead we see too many words, too many experts and the scams and hackings damaging its image. We have been saying this for some time now: we need a new iteration of crypto, a Crypto2, where there is scalability, where not just traders use it, where anyone can use any crypto well founded without worrying about its price in fiat, where crypto is the core of digital finances in the 4th IR, and not just an opportunity to get rich (or lose everything). What do you think?