Mark Mobius Sees Bitcoin Down at $10,000 in ‘Dangerous’ Crypto Market
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The crypto rout has room to run, according to veteran fund manager Mark Mobius.
The crypto rout has room to run, according to veteran fund manager Mark Mobius. The co-founder of Mobius Capital Partners LLP said in an interview Monday in Singapore that his next target for Bitcoin is $10,000. He added he wouldn't invest his own cash or client money in digital assets as “it's too dangerous.” “But crypto is here to stay as there are several investors who still have faith in it,” said Mobius, who spent more than three decades at Franklin Templeton Investments. “It's amazing how Bitcoin prices have held up” despite the FTX fallout, he added. The chaotic slide into bankruptcy of Sam Bankman-Fried's FTX exchange and sister trading house Alameda Research is hanging over the digit...