{"id":14961,"date":"2022-11-29T23:42:29","date_gmt":"2022-11-29T23:42:29","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/veteran-investor-mark-mobius-expects-bitcoin-price-to-fall-to-10000-markets-and-prices-bitcoin-news\/"},"modified":"2022-11-29T23:42:29","modified_gmt":"2022-11-29T23:42:29","slug":"veteran-investor-mark-mobius-expects-bitcoin-price-to-fall-to-10000-markets-and-prices-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/veteran-investor-mark-mobius-expects-bitcoin-price-to-fall-to-10000-markets-and-prices-bitcoin-news\/","title":{"rendered":"Veteran Investor Mark Mobius Expects Bitcoin Price to Fall to $10,000 \u2013 Markets and Prices Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Veteran investor Mark Mobius, the founder of Mobius Capital, expects the price of bitcoin to fall to $10,000. Nonetheless, he said: \u201cCrypto is here to stay as there are several investors who still have faith in it.\u201d
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Mark Mobius\u2019 Bitcoin Price Prediction<\/h2>\n

The founder of Mobius Capital Partners, Mark Mobius, shared his latest bitcoin price prediction in an interview with Bloomberg Monday.<\/p>\n

Prior to starting his own company, Mobius spent more than three decades at Franklin Templeton Investments. He previously served as the executive chairman of Templeton Emerging Markets Group where he managed more than $50 billion in emerging markets portfolios.<\/p>\n

The veteran investor said that his next target for bitcoin is $10,000, noting that cryptocurrencies are \u201ctoo dangerous\u201d for him to invest his own cash or his clients\u2019 money in.<\/p>\n

Despite the collapse of crypto exchange FTX and subsequent market sell-offs, Mobius emphasized:<\/p>\n

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Crypto is here to stay as there are several investors who still have faith in it \u2026 It\u2019s amazing how bitcoin prices have held up.<\/p>\n<\/blockquote>\n

This was not the first time that the former Franklin Templeton executive mentioned $10,000 as his target for bitcoin\u2019s price. In May, he advised investors against buying the dip<\/a>, cautioning that the market still had some way to fall. In November last year, he said people should not look at cryptocurrencies as a means to invest but as \u201ca means to speculate and have fun<\/a>.\u201d<\/p>\n

Mobius is not alone in expecting the price of bitcoin to drop to $10,000. Doubleline Capital CEO Jeffrey Gundlach<\/a>, aka the bond king, said in June: \u201cI wouldn\u2019t be surprised at all if it [bitcoin] went to $10,000.\u201d Gold bug and economist Peter Schiff<\/a> said this month that bitcoin still has a long way to fall. He valued BTC<\/a> at $10K. Moreover, a recent Bloomberg MLIV Pulse survey<\/a> showed that the majority of nearly 1,000 investors who responded expect bitcoin\u2019s price to drop to $10K.<\/p>\n

Meanwhile, some people are still very optimistic about the price of BTC<\/a>. Venture capitalist Tim Draper, for example, said<\/a> earlier this month that he expects bitcoin\u2019s price to hit $250K by mid-2023.<\/p>\n

Do you think the price of bitcoin will drop to $10K? Let us know in the comments section below.<\/strong><\/em><\/p>\n

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\nKevin Helms <\/h6>\n

\nA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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