Veteran investor: Bitcoin falls to $10,000

Mark Mobius, founder of Mobius Capital and veteran financial markets investor, recently revealed his latest Bitcoin price prediction in an interview with Bloomberg.

To Report Mobius worked for Franklin Templeton Investments (Franklin Templeton Investments) for three decades before starting his investment firm, managing more than $50 billion in emerging markets as the company’s executive director.

He has said that the next target he foresees for Bitcoin is the $10,000 level, adding that cryptocurrencies are so “dangerous” that he is not willing to invest his or his clients’ money in these assets.

Despite this, referring to the chaotic conditions of the digital currency market and the collapse of the FTX exchange, Mobius said:

Cryptocurrencies are here to stay and there are still many investors who believe in these assets. The form of maintenance of the price of Bitcoin [تا اینجای کار] It has been amazing.

This is not the first time that Mobius has proposed a $10,000 target for Bitcoin. Earlier, in May, he had advised investors to refrain from buying at temporary lows; Because Bitcoin still has a long way to go in its downward path. In November of last year (Aban 1400), he also said in a statement that people should not look at digital currencies as a tool for investment and that these assets are actually tools for brokerage and entertainment.

In addition to Mobius, Jeffrey Gundlach, CEO of Doubleline Capital, said in June this year that he would not be surprised at all if Bitcoin fell to $10,000. Peter Schiff, an economist and investor in the global gold market, also recently said that Bitcoin has a long way to go in its downward path and proposed a $10,000 target for this digital currency. A new Bloomberg survey also shows that among 1,000 different investors, the majority of them expect the price of Bitcoin to continue falling to $10,000.

Against these pessimisms, Tim Draper, who is active in the field of venture capital investments, predicted at the beginning of this month that the price of Bitcoin will reach $250,000 by the middle of 2023.