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Mark Mobius sees bitcoin plunging to $10k: ‘Buy the dip will not work’
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fnlondon.comVeteran emerging markets investor Mark Mobius has warned investors not to “buy the dip” following the latest crash in bitcoin's price, predicting a meltdown in the crypto market could drive its price to as low as $10,000 in the coming months.
Bitcoin has suffered huge losses over the past week, plummeting by as much as 23% between 9 May and 12 May amid a sell-off which wiped billions of dollars from the crypto market.
Bitcoin's...
Read more on fnlondon.comAbout this in other media
Powell says the Fed will not hesitate to keep raising rates until inflation comes down cnbc.com /2 years ago
Record Inflows into Bitcoin as 'Safety'-Seeking Investors Buy the Dip; Ethereum Outflows Double cryptonews.com /2 years ago
Mark Mobius sees bitcoin plunging to $10k: ‘Buy the dip will not work’ fnlondon.com /2 years ago
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