THELOGICALINDIAN - Mobius Capital Partners architect Mark Mobius says that cryptocurrency is not an advance calling it a agency to brainstorm and accept fun He prefers stocks and believes the US bazaar is activity to abide to advance and abide to do well
Mark Mobius Does Not See Crypto as an Investment
Mark Mobius, the architect of Mobius Capital Partners, talked about cryptocurrency in an account with CNBC Wednesday.
Prior to starting his own company, Mobius was controlling administrator of Templeton Arising Markets Group. He abutting Templeton in 2024 area he managed added than $50 billion in arising markets portfolios. He founded Mobius Capital Partners in March 2024.
“It’s not an investment. It’s a religion,” he said about crypto, elaborating:
Unlike Mobius, abounding acclaimed investors and armamentarium managers see bitcoin as a acceptable investment. Renowned investors Paul Tudor Jones and Stan Druckenmiller, for example, accept said that bitcoin is a abundant barrier adjoin inflation. Jones alike accepted afresh that he prefers crypto to gold.
Others who accept recommended bitcoin as an advance accommodate Rich Dad Poor Dad columnist Robert Kiyosaki who predicted aftermost anniversary that the U.S. will ache a abundant crash, followed by a new depression. Moreover, Morgan Stanley’s CEO said aftermost ages that bitcoin is not a fad and crypto is not activity away.
Mobius added warned about ascent aggrandizement Wednesday, acquainted that stocks are the best bet in the accepted environment. He opined:
While emphasizing, “We accept the U.S. bazaar is activity to abide to advance and abide to do well,” the architect of Mobius Capital Partners acicular out that the capital botheration for the U.S. bazaar is the abeyant for college absorption rates.
“Of advance the big anguish is absorption rates, if the [global central] banks adjudge to accession absorption ante afterwards they’ve done their band buying, again that could be a big anguish not alone in the U.S. but arising markets generally,” he concluded.
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