The Challenge With Valuing Crypto

Scott Minerd, Chairman of Investments and Global CIO, joins Bloomberg TV from the 2021 Milken Institute Global Conference to discuss investment options in rich markets.

October 19, 2021



Key Takeaways:

  • Unlike past bull markets, all assets, including crypto, are correlated due to global liquidity from central banks.
  • It is difficult to tell which cryptocurrency will be winners and losers, but 70 percent of crypto coins will probably disappear.
  • The Bitcoin ETF makes it easier for investors to invest.
  • Central banks will keep close watch on crypto as they figure out how to involve themselves.
  • We do not consider China to be investable at this point.

Read Macro Alert: Weak Data and Fiscal Uncertainty Will Delay Fed Tapering



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The outlook for credit amid rising inflation, monetary tightening, and war in Europe.

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Fed Aggressiveness Following Delayed Liftoff Sets Up 2023 Collision

The risks of tightening into a downturn.

March 22, 2022

For Lessons on Fighting Inflation, Skip Over Volcker to 1946

Clues from history on how to successfully end the current surge in prices.


First Quarter 2022 Market Outlook 

First Quarter 2022 Market Outlook

Maria Giraldo, CFA, Managing Director, Investment Research, and Evan Serdensky, Director, Portfolio Management, provide our macro and markets outlook.

Macro Markets Podcast 

Macro Markets Podcast: Episode #13: The Fed, Credit Quality, and Bank Loans

U.S. Economist Matt Bush analyzes the latest Fed announcement and labor and inflation data, Investment Strategist Maria Giraldo discusses credit risk while the Fed tightens, and Managing Director Chris Keywork updates on the bank loan market.

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