4.5 C
New York
Wednesday, January 25, 2023

Mark Mobius Predicts Bitcoin to Drop to $10,000 in 2023

The next target for Bitcoin is the $10,000 mark. Mark Mobius, a well-known investor in emerging markets, shared this forecast, writes Bloomberg .

The expert noted that he would not invest his own funds or clients’ money in cryptocurrencies, because “it is too dangerous.” At the same time, he does not believe that the emerging asset class will disappear.

Must Read

“Cryptocurrencies will remain as there are investors who still believe in them. It’s amazing how prices have held up amid the collapse of FTX,” he said.

Mobius’ benchmark is consistent with the strike price of December options, where the maximum open interest on put options is recorded, according to Deribit data.

Earlier, Glassnode analysts recorded the fourth largest capitulation of Bitcoin investors in history against the backdrop of events around FTX.

Recall that Morgan Stanley noted a decrease in the interest of retail investors in cryptocurrencies.

Latest Posts

Don't Miss

Stay in touch

To be updated with all the latest news, offers and special announcements.