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I Wish I’d Invested $100,000 Into Shiba Inu – Guggenheim Partners CIO.

Scott Minerd, chief investment officer at Guggenheim Partners, said he regretted missing the Shiba Inu (SHIB) price rally.

Minerd told CNBC at the Milken Institute Global Conference that he wishes he had invested $100,000 in a meme-based cryptocurrency.

“If you had invested a thousand dollars in Shiba Coin in February or March, you would now have $ 2.1 million… I wish I had put $100,000 into it “Minerd remarked.

However, Minerd was confused by the increase in tokens and admitted that he “does not fully understand” the crypto market.

“One thing I learned as a bond seller years ago when you didn’t understand what was going on, was out of the market,” he said.

In December, the Guggenheim CIO set a $ 400,000 price target for Bitcoin, revising it to $ 600,000 in February 2021 citing Guggenheim’s basic research. In April 2021, Minerd predicted that Bitcoin “could drop to $ 20,000.”

Speaking to Bloomberg at the same conference, Minerd predicted that most of the cryptocurrencies on the market today would fail.

“70 percent of the coins are rubbish and will run out,” he said.

Bitcoin hit a record high of $ 66,930 on Wednesday. At the time of writing, the leading digital assets were trading at $ 64,500 with a daily trading volume of $ 45.5 billion.

SHIB was trading at $ 0.00003717 USD during the pressure period, earning 33.66% over the past 24 hours.

I Wish I'd Have Invested $100,000 Into Shiba Inu - Guggenheim Partners CIO.

Shiba Inu Price Chart – Source: Coinmarketcap

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