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Mark Mobius Claims That Crypto Is Not A Viable Investment
Summary: Mark Mobius, an emerging market investment guru and founder of Mobius Capital Partners, stated in an interview with CNBC that cryptocurrency cannot be regarded as a viable investment and likened it to "religion." He said: "This is not investment, but religion. People believe in it; people think they are getting richer and richer." Mobius advises ...
Mark Mobius, an emerging market investment guru and founder of Mobius Capital Partners, stated in an interview with CNBC that cryptocurrency cannot be regarded as a viable investment and likened it to "religion."
He said: "This is not investment, but religion. People believe in it; people think they are getting richer and richer."
Mobius advises crypto players must eventually return to the stock market: "Stocks definitely are the answer because the devaluation of currency is not going to go away, which means inflation is going to continue at a high rate going forward."
Mobius has been a cryptocurrency skeptic for many years. In the past July, after Bitcoin briefly fell below $30K, Mobius asserted that it would fall even lower.
By Mary Liu
Tags: Cryptocurrency,Mark Mobius
Link: Mark Mobius Claims That Crypto Is Not A Viable Investment [Copy]
