Experienced investor Mark Mobius considers Bitcoin (BTC) and other crypto assets not an investment vehicle.
The co-founder of Mobius Capital Partners pointed to stocks as the solution to dealing with currency inflation in a new interview with CNBC:
“Everyone should get up and dance, but once this music stops, we’re going to be in real trouble,” the analyst said, referring to Charles Prince, former head of Citibank. The analyst said:
In an interview with Bloomberg in September, Mobius stated that he might change his mind about Bitcoin (BTC) if it is accepted as a tax payment method.