"You can afford to be patient here. There's more to go," Minerd said in an interview that aired Tuesday on CNBC's "Worldwide Exchange."
On April 21, when bitcoin was around $55,000, Minerd said on CNBC it looked "very frothy."
At time time, the Guggenheim global chief investment officer said bitcoin could plunge 50% in the near term to between $20,000 to $30,000.
He was right.