The founder of Mobius Capital says that crypto is not an investment, but a means of speculating and having fun - news
The founder of Mobius Capital says that crypto is not an investment, but a means of speculating and having fun - news
The founder of Mobius Capital Partners, Mark Mobius, says that cryptocurrency is not an investment and calls them "a means of speculating and having fun". He prefers shares and believes that "the US market will continue to thrive and continue to develop well".
Mark Mobius does not see Krypto as an investment
Mark Mobius, the founder of Mobius Capital Partners, spoke on Wednesday in an interview with CNBC about cryptocurrency.
Before the founding of his own company, Mobius Executive Chairman was the Templeton Emerging Markets Group. He came to Templeton in 1987, where he managed more than $ 50 billion in threshold market portfolios. In March 2018 he founded Mobius Capital Partners."It is not an investment. It is a religion," he said about crypto and stated:
People should not consider these cryptocurrencies as an investment. It is a means to speculate and have fun. But then you have to go back to the shares at the end of the day.
In contrast to Mobius, many famous investors and fund manager Bitcoin see as a good investment. Well-known investors Paul Tudor Jones and Stan DruckMiller , for example, said that Bitcoin is a good security against inflation. Jones recently admitted that he preferred Krypto to gold.others who have recommended Bitcoin as an investment are the author of Rich Dad Poor Dad Robert Kiyosaki The USA will have a large crash, Followed by a new depression. In addition, the CEO of Morgan Stanley said last month that Bitcoin No fad and crypto Way.
Mobius also warned of increasing inflation on Wednesday and found that shares in the current environment were the best choice. He said:
stocks are definitely the answer, because the devaluation of the currency will not disappear, which means that inflation will continue to stop in the future with a high rate. Do not forget that the US money has increased by over 30%.
"We believe that the US market will continue to prosper and continue to develop well," emphasized the founder of Mobius Capital Partners and emphasized that the main problem for the US market was the potential for higher interest rates.
"The great concern is of course the interest if the [Global Central] banks decide to increase interest rates after they have bought their bonds, then this could not only be a great concern in the USA, but in the emerging countries," he concluded.
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