The veteran investor Mark Mobius has said bitcoin (BTC) could fall to the $10,000 level, but he is still amazed by how well bitcoin prices “have held up” in the currently bearish environment.
Speaking in an interview with Bloomberg on Monday this week, Mobius, who is known as one of the world’s leading experts on emerging market investments, made it clear that although he is impressed by bitcoin’s performance, he wouldn’t invest in it himself. And that goes both for his own and his clients’ money, he said.
The legendary investor added that he believes bitcoin and crypto more broadly “is here to stay” given how many investors still have faith in it. “It’s amazing how Bitcoin prices have held up” despite the collapse of crypto exchange FTX, he said.
(by Fredrik Vold)
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