Minerd Says 70% of Cryptocurrencies Are ‘Garbage'

Guggenheim Partners CIO Scott Minerd says the majority of cryptocurrencies are worthless and will fail, likening the digital currencies market to the dot-com boom of the late 1990s. “Seventy percent of the coins are garbage and will go away,” Minerd said on "Bloomberg Markets" in an interview from the Milken Institute Global Conference in Beverly Hills, California. (Source: Bloomberg)