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Thursday, January 26, 2023

Investing in crypto is ‘dangerous’ and bitcoin could plummet to $10,000, billionaire investor Mark Mobius says | Business Insider

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In an interview with Bloomberg on Saturday, the multibillionaire and co-founder of Mobius Capital Partners discussed his expectations for the biggest cryptocurrency in the world as the market was still reeling from the collapse of FTX.  

Mobius, a longtime skeptic of cryptocurrencies, said he believes the industry is “too hazardous” for him to put his own money or the money of his customers at risk. Despite the unrest and the possibility that regulators would impose stricter regulations on the industry, other market analysts have maintained a bright outlook for the future of cryptocurrencies. Since then, the price of bitcoin has dropped 21%, adding to the year-long sharp sell-off in cryptocurrencies. 

Source: https://markets.businessinsider.com/news/currencies/mark-mobius-crypto-winter-bitcoin-fall-ftx-crash-danger-investors-2022-11 

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