Guggenheim's Minerd on Crypto: 'Everything Is Suspect'

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Guggenheim Partners Global CIO Scott Minerd says cryptocurrencies haven't become a credible institutional investment, calling them the market of "a bunch of yahoos and backwaters" where "everything is suspect." Speaking to Bloomberg Television at the World Economic Forum in Davos, Switzerland, Minerd also discusses Federal Reserve policy and outlook for the US dollar.

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