Mobius Refers To Digital Assets As “It’s Too Dangerous”

Mark Mobius, founder of Mobius Capital Partners LLP, in an interview said his next target for Bitcoin is $10,000.

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He also referred to digital assets as “it’s too dangerous” and detailed that he will not invest his or his client’s money in this.

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Mobius further added “But crypto is here to stay” because there are many other investors who still have faith in it.

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He added “It’s amazing how Bitcoin prices have held up” despite the FTX crash.

After the FTX debacle, the concern is that contagion could bring down more cryptocurrency outfits.

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Some crypto commentators are aiming for a return of $10,000. This will send Bitcoin back to 2020 last seen level before the Bitcoin bull market.

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Bitcoin is down 1.98% in the last 24 hours. At the press time, BTC price is $16,203.67 USD.

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