Scott Minerd, Global CIO of the investment firm Guggenheim Partners, tweeted his thoughts on the crypto crash, portending a similar fate for the stock market. “Crypto told us ahead of time that #stocks were going to be in trouble.” He further stated that until the crypto bottoms, there will be no relief for any other asset class. Minerd states, “Crypto has proven not to be a diversifying asset class, or a safe haven. It is a high beta play on risk.” While very few agreed with Minerd’s thesis, Carl Quintanilla of CNBC fame replied with a similar story they had shared in mid-May. “We found a use for #Bitcoin...
