Veteran investor Mark Mobius says the market could face a major correction if bitcoin prices crash

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

'I hope and pray that the bitcoin prices do not crash because if they do, I think we are going to see a major market correction,' Mobius told CNBC.

doesn't crash because the broader market could face a large downturn if that were to happen.

"This is probably one of the reasons why the market is doing so well, is that people who have bought, let's say bitcoin at $1 or $10, now are feeling rich," Mobius said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Yes, but on the other hand, as bitcoin is a postmodern ponzi, designed to be an asset bubble, and pushed by finance like hell, with a marketing around being a store of value against inflation , what you could see is

We have negative on Oil last year and we now have negative interest on T-Bills today. Bitcoin and Digibyte have never gone negative $btc $dgb

Can we go somewhere today?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines