Guggenheim Partners LLC

10/19/2021 | Press release | Distributed by Public on 10/20/2021 09:36

The Challenge With Valuing Crypto

Video Highlights:

  • Unlike past bull markets, all assets, including crypto, are correlated due to global liquidity from central banks.
  • It is difficult to tell which cryptocurrency will be winners and losers, but 70 percent of crypto coins will probably disappear.
  • The Bitcoin ETF makes it easier for investors to invest.
  • Central banks will keep close watch on crypto as they figure out how to involve themselves.
  • We do not consider China to be investable at this point.

Read Macro Alert: Weak Data and Fiscal Uncertainty Will Delay Fed Tapering

VIDEO

Brian Smedley, Chief Economist and Head of Macroeconomic and Investment Research, and Portfolio Manager Adam Bloch provide our macro and markets outlook.

Scott Minerd, Chairman of Investments and Global CIO, discussed his outlook for markets and the economy with CNBC's Brian Sullivan during the Milken Institute 2020 Global Conference.

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