Breaking: Guggenheim’s Scott Minerd Passes Away Unexpectedly

Pratik Bhuyan
December 22, 2022 Updated September 6, 2025
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Scott Minerd death

On Wednesday, December 21, Guggenheim Partners made an announcement regarding the “untimely and unexpected death of Scott Minerd, one of Guggenheim’s Managing Partners and its Global CIO.” The cause of death was described as a heart attack during his regular workout regime.

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Scott Minerd’s Untimely Death

Global investment and consulting financial services provider Guggenheim Partners offers investment banking, asset management, capital markets, and insurance services.

CEO and founder of Guggenheim Partners, Mark Walter, was quoted saying,

I have known Scott for over 30 years and we were partners much of that time. Scott was a key innovator and thought leader who was instrumental in building Guggenheim Investments into the global business it is today.

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Scott’s FTX Warning

Scott was a proponent of cryptocurrencies and frequently shared his takes and inputs about the up-and-coming blockchain industry. Quite recently, the late Guggenheim CIO talked about the FTX crypto exchange and its succeeding market turmoil in a telecasted interview.

Read More: Scott Minerd Warns Of More Crypto Fallouts Due To FTX Collapse

According to him, the FTX saga was not over yet as he predicted further shakeouts in the crypto industry. Scott hinted at multiple crypto firms either filing for bankruptcy or winding up their operations due to the FTX contagion spreading through the industry.

He was famously quoted saying:

There’s another shoe to drop – I can’t tell you where it is. There is going to be wash out just like the internet bubble.

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Community Pays Tribute

In a statement, the company said their investment professionals at Guggenheim will honor Scott by carrying on his legacy — by incorporating the systems and procedures that Scott developed — in order to manage client portfolios.

The official announcement concluded by saying:

We will have much more to say in the next few days about Scott and his many contributions to our firm and to the communities we serve.

Prominent hedge fund manager Tom Hearden also expressed his sorrow on the untimely demise of Scott, on Twitter.

Guggenheim later assured that there would be no disruption of service to their clients and also assured of no change in the daily management of client portfolios, all of which are handled by their investment professionals.

Also Read: Binance’s Mysterious Trades Worth $22 Trillion Found In Latest Analysis

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Pratik has been a crypto evangelist since 2016 & been through almost all that crypto has to offer. Be it the ICO boom, bear markets of 2018, Bitcoin halving to till now - he has seen it all.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.