Guggenheim Partners Chief Investment Officer Scott Minerd believes 70% are "garbage" and will fail, much like the large basket of losers from the dot-com boom in the late 1990s, he told Bloomberg Television in an interview. Earlier on Tuesday, bitcoin (BTC-USD) surged to as high as $64.6K, just about 2% off its all-time high of $65.5K, before giving up some gains almost immediately after, now standing at $62.6K. Recall in June, Minerd predicted bitcoin (BTC-USD) to fall to $15K, with potentially years worth of consolidation to come, saying $10K would be the real bottom when looking at the technicals. In contrast, last year when BTC surpassed $20K, Minerd said bitcoin (BTC-USD) is worth $400K based on his team's fundamental work. But unlike Minerd's most recent BTC call, in Alpha Trader's podcast, Mike Alfred, founding CEO at BrightScope Digital Assets Data, makes the case on why bitcoin is a long-term value
