Bitcoin Duo Who Had Predicted Rise to $600,000 Announces Withdrawal from Investment: "Can

In addition, he said in the interview that most cryptocurrencies are worthless and that only a few winners will survive. "Just like the Internet boom in the late 1990s, most companies disappeared."

When it comes to the first U.S. bitcoin futures ETF (NYSE:BITO), which went public on Tuesday, the investment officer said it is hardly a value investment vehicle. But he also doesn't recommend investors short it.

In February, Scott Minerd predicted that bitcoin could rise as high as $600,000. And in June of this year, Scott Minerd's attitude turned pessimistic when he predicted that bitcoin could fall as low as about $15,000.