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In an interview with Bloomberg held on Monday this week, Mobius, who is known as one of the world's leading experts on emerging market investing, explained that while he is impressed with bitcoin's performance today, he will not be investing in it. And that applies to his own money or his clients' money because it is considered very dangerous.
The renowned investor also added that he believes bitcoin and crypto in general “are here to stay” given the number of investors who still believe in it. Since FTX went bankrupt on November 11, bitcoin has been largely unaffected or stable today with its trading value at over $17,000 at press time.
Longtime Skeptic About Bitcoin Today
Mobius in the past before the current crypto boom trend once considered the crypto business as a "religion" rather than an investment. He also warned that the risks of the crypto business could spread widely to the financial market and eventually drag the US stock market lower.Despite this, Mobius has a positive view on bitcoin in 2019, noting that bitcoin is like all currencies if it is based on faith, and there is a possibility that he will buy crypto if adoption in the business increases. Get other interesting information about forex analysis, crypto including bitcoin today through the GIC journal every day. You can also trade through the GICTrade application. Our application has the latest feature, an ECN account where you can enjoy trading with the lowest spread starting from only 0 Rupiah! Also follow the GIC Gebyar Hadiah and get attractive prizes from GIC billions of Rupiah without a draw!
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