Mark Mobius, Founder of Mobius Capital Partners, Warns Bitcoiners They Might Stay “True Problems” as soon as the song ended, during theappearOn Wednesday on CNBC
“When the song ends, they’ll be in trouble.“
Veteran emerging market investor Convinced that cryptocurrencies are not a viable investment, they view Bitcoin as a “religious belief.”
“It’s not an investment, it’s a religion, people believe in it. People think they are getting richer.“
The 85-year-old fund manager believes that stocks protect investors from uncontrolled inflation:
Stocks are definitely the answer. Because the devaluation of money will not disappear. This means that inflation will continue at a high rate in the future.
Mobius has been skeptical of cryptocurrencies for years. By November last year He once compared the crypto market to “casino operations.”
The post Legendary investor Mark Mobius said that “Bitcoin is not a real investment” appeared first on Bitcoin Addict.