Guggenheim Partners Chief Investment Officer Scott Minerd is warning investors there will be more shakeouts to come following the collapse of crypto exchange FTX as years of easy money end.
“There’s another shoe to drop - I can’t tell you where it is,” Minerd said during a Bloomberg Television interview ahead of Wednesday’s rate decision from the Federal Reserve. “The reason is this is just like any number of periods where we had easy money and a lot of speculation; the weakest players fall first. Crypto was obviously something that is crazy.”
