The crypto skeptic, Mark Mobius shared his outlook for Bitcoin price.
He also said about the usage of Bitcoin that could be used for good or bad.
Mark Mobius is the co-founder of Mobius Capital Partners LLP, he recently had an interview in Singapore with Bloomberg on November 28, 2022. The veteran investor said Bitcoin (BTC) could fall to the $10,000 level. But also he seemed amazed by the current performance of Bitcoin prices that are still up even after the current bearish market phase.
The Crypto Skeptic ‘Mark Mobius’
Mr. Mobius shared his investment advice and said “Cryptocurrencies should not be treated as an investment since they have no intrinsic earnings capability. You are depending on someone else to hold it and buy more so the price goes up. Bitcoin could go down to $10,000 if people lose faith in it.”
#Cryptocurrencies should not be treated as an investment since they have no intrinsic earnings capability. You are depending on someone else to hold it and buy more s
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