Renowned fund manager Mark Mobius Bitcoin (BTC) He gave interesting messages about
Mark Mobius Claims Bitcoin Price Will Drop To $10,000
Mobius said in an interview he gave a short time ago that he predicts that the price of Bitcoin will fall to the level of $ 10,000.
Mobius, despite the recent short-term recovery in cryptocurrencies He added that the meltdown is far from over.
After falling to $26,700, the lowest level since December 2020, Bitcoin price climbed up to $31,000 today.
Terra (Luna) The reset of the value of the cryptocurrency was an unexpected event that put selling pressure in the market.
Although the LUNA price was about to depreciate and reach zero, the market nevertheless managed to partially survive this first shock wave.
Legendary investor Mobius also warned against “trying to buy at the bottom” in a bear market. Investors are trying to hold onto a falling blade, according to Mobius.
The experienced investor thinks that the purchase will be possible only if the BTC price drops to $20,000.
According to Mobius, when the BTC price reaches this level, there may be a short-term bounce. Despite this, Mobius does not believe that any recovery movement will be sustainable.
Last November, the same investor said that days before the BTC price hit an all-time high of $69,044, troubled days were at the door for BTC.
The world’s largest cryptocurrency is trading at roughly 55% lower than its last record.
*Not investment advice.