Investor Mark Mobius, founder of Mobius Capital Partners, told CNBC that Bitcoiners may face a “real problem”.
Mobius stated that the crypto asset will not be considered a viable investment, while he said that he sees Bitcoin as a religion.
Side on Stocks
While Mobius says it’s good to have various speculations with Bitcoin, he thinks that crypto investors should eventually return to stocks.
The 85-year-old investor believes stocks will protect investors from rising inflation.
According to Mobius, the possibility of banks to increase interest rates poses a great threat to the global economy.
Mobius has been known for its skepticism towards cryptos for many years. Last year, he compared crypto markets to “a casino operation.”