Scott Minerd thinks a new cryptocurrency could surpass Bitcoin (BTC) and etherum (ETH)



Scott Minerd, chief investment officer at Guggenheim Partners, stated in a recent interview that a new cryptocurrency could outpace Bitcoin (BTC) and Ethereum (ETH).

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Minerd drew some parallels between cryptocurrency and the dot-com bubble.

“I think Bitcoin and Ethereum will survive, but let’s go back to the famous internet bubble. AOL has been the absolute winner and no one has questioned this. They were the leader. Google and other actors emerged after Yahoo became the winner. I think what we’re going to find will be the emergence of a new cryptocurrency. “

Minerd says the new cryptocurrency will be able to overcome issues related to mining cost and other issues, which will make it stand out.

Minerd also compared cryptocurrencies with the “tulip craze” in the Netherlands.