Minerd Says 70% of Cryptocurrencies Are ‘Garbage'

Scott Minerd, CIO of Guggenheim Partners, says the majority of cryptocurrencies are worthless and will fail, comparing the digital currency market to the dotcom boom of the late 1990s. "70 percent of the coins are garbage and will disappear," said Minerd on "Bloomberg Markets" in an interview with the Milken Institute Global Conference in Beverly Hills, California. (Source: Bloomberg)

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