Scott Minerd – Chief Investment Officer of global investment firm Guggenheim Partners – passed away on the morning of December 22 due to a heart attack.

As announced by Guggenheim on Thursday, Minerd’s “untimely” and “unexpected” heart attack occurred during one of his regular workouts.

According to the statement, Minerd joined Guggenheim as a Managing Partner shortly after the company was formed. He was a frequent market commentator on both television and social media.

“I have known Scott for over 30 years and we were partners much of that time,” said Mark Walter, CEO and a Founder of Guggenheim Partners, on Minerd’s passing. “Scott was a key innovator and thought leader who was instrumental in building Guggenheim Investments into the global business it is today. ”

“He will be greatly missed by all. My deepest condolences are with his husband, family and loved ones,” he continued.

Minerd also offered frequent commentary on the crypto markets. Last week, he predicted that the fallout from FTX’s collapse is not yet over and that there will be a “washout” similar to the internet bubble.